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What the value assigned to ending inventory at march

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Reference no: EM132972155

Problem - Grey Co. has the following data related to an item of inventory:

Inventory, March 1 400 units @ $2.10

Purchase, March 7 100 units @ $2.20

Purchase, March 16 880 units @ $2.25

Inventory, March 31 600 units

Required - What the value assigned to ending inventory at March 31 if Grey uses LIFO?

Reference no: EM132972155

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