Neighborly industries has the following inventory

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Neighborly Industries has the following inventory information. July 1 Beginning Inventory 10 units at $120 5 Purchases 60 units at $112 14 Sale 40 units 21 Purchases 30 units at $115 30 Sale 28 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis?

Reference no: EM13486085

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