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What is the value of ending inventory at December

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Question - Barcal Plates, Inc. (a startup company) sells folding plates using the LIFO periodic inventory system. It had the following transaction during the year:

Jan 11 purchased 10 plates at $7 each

Feb 21 sold 2 plates for $30 each

Mar 13 purchased 6 plates at $8 each

Oct 24 purchased 8 plates at $9 each

Dec 22 sold 10 plates for $30 each

Required - What is the value of ending inventory at December 31?

Reference no: EM133132707

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