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Determine the inventory value using lifo method

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Question - Thunder Manufacturing made the following purchases for the rivet drums during the year; 33 at $239 each (January), 36 at $253 each (March), 21 at $291 each (May), and 45 at $180 each (August). An inventory shows that 56 rivet drums remain. Determine the inventory value using L.I.F.O method.

Reference no: EM133043888

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