Based on last-in, first-out inventory, what is the value of ending inventory if 800 units...
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Accounting
Based on last-in, first-out inventory, what is the value of ending inventory if 800 units are sold during the month of May. Consider the following information: beginning inventory May 1st 100 units @ $10; May 15th purchases 500 units @ $11; and May 25th 400 units @ $12
Question 28 options:
$2,400
$2,100
$2,260
None of the above are correct.
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