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Determine the ending inventory on july

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Question - Three identical units of Item k113 are purchased during July, as shown below:

Item k113 Units Cost July 9 Purchase 1 153 17 Purchase 1 170 26 Purchase 1 192.

Assume that one unit is sold on July 31 for $238.

Determine the ending inventory on July 31 using the last-in, first-out (LIFO) method.

Reference no: EM132700548

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