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What is the ending inventory for versace company

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Problem 1: Versace Company, an Italian subsidiary of a US company, uses the periodic inventory system. At November 1, the beginning inventory consisted of 3,600 units that cost €120 each. During the month, the company made two purchases: 1,500 units at €130 each and 6,000 units at €135 each. Versace sold 6,450 units during November. Using the LIFO cost flow assumption, what is the ending inventory?

Reference no: EM132679946

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