A firm has beginning inventory of 400 units at a cost of 12


A firm has beginning inventory of 400 units at a cost of $12 each. Production during the period was 700 units at $13 each. If sales were 800 units, what is the value of the ending inventory using LIFO? A. $2,750 B. $3,600 C. $3,300 D. $3,850

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Finance Basics: A firm has beginning inventory of 400 units at a cost of 12
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