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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.

Answer & Explanation Solved by verified expert
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