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Find the end inventory value under lifo

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Question - A firm noted the following beginning inventory in 2018: 100 items purchased in 2016 at $10 each; 50 items purchased in 2017 at $8 each. In 2018 the firm purchased 500 items at $12 each and sold 560 items at $12 each. Find the end inventory value under LIFO in 1998?

Reference no: EM133135232

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