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What is Glasgow ending inventory under LIFO

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Question - Glasgow Enterprises started the period with 70 units in beginning inventory that cost $2.30 each. During the period, the company purchased inventory items as follows:

Purchase

Number of Items

Cost

1

240

$2.80

2

170

$2.90

3

50

$3.30

Glasgow sold 260 units after purchase 3 for $9.00 each.

Required - What is Glasgow's ending inventory under LIFO?

Reference no: EM132651182

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