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Find what the value assigned to ending inventory

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Reference no: EM132767371

Jeter Co. has the following data related to an item of inventory:

Inventory, March 1 100 units @ $4.20

Purchase, March 7 350 units @ $4.40

Purchase, March 16 70 units @ $4.50

Inventory, March 31 130 units

Problem 1: The value assigned to ending inventory if Jeter uses LIFO is

Select one:

a. $579

b. $546

c. $552

d. $569

e. $585

Reference no: EM132767371

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