Compute the Ending inventory under the LIFO method

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Question - Lois's Furniture uses a periodic inventory system. The business sold 60 tables in August. Other data for August includes:

Aug. 1 Balance8 @ $15 9

Purchased12 @ 18 18

Purchased60 @ 20

Required - Compute the Ending inventory under the LIFO method?

Reference no: EM132707411

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