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Business, 05.04.2021 23:40 montgomerykarloxc24x

Effie Company uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows: Units Per unit price Total Balance, 1/1/22 200 $5.00 $1,000 Purchase, 1/15/22 100 5.30 530 Purchase, 1/28/22 100 5.50 550 An end of the month (1/31/22) inventory showed that 160 units were on hand. If the company uses LIFO, what is the value of the ending inventory

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