Value of the ending inventory using lifo
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
Now Priced at $2 (50% Discount)
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