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Business, 27.10.2020 17:40 isabelleecurtis

July 1 Beginning Inventory 35 units at $130 5 Purchases 240 units at $113 14 Sale 150 units 21 Purchases 140 units at $120 30 Sale 160 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis?

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July 1 Beginning Inventory 35 units at $130 5 Purchases 240 units at $113 14 Sale 150 units 21 Purch...

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