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August 22, 2014

Homework Help: finance

Posted by Anonymous on Sunday, October 18, 2009 at 10:20am.

3) A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the value of the ending inventory using LIFO?
A. $3,300
B. $2,750
C. $3,250
D. $2,550

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