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Use the information below to answer the following question The following units of an inventory...

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Finance

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Use the information below to answer the following question The following units of an inventory item were available for sale during the year: 10 units at $55 25 units at $60 30 units at $65 15 units at $70 Beginning inventory First purchase Second purchase Third purchase The firm uses the periodic inventory system. During the year, 60 units of the item were sold. The value of ending inventory using LIFO is . $1,250 Ob. $1,375 Oc. $1,150 Od. $1,350

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