Lime company purchased 400 units for $30 each on January 31. It purchased 200 units...
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Accounting
Lime company purchased 400 units for $30 each on January 31. It purchased 200 units for $20 each on February 28. It sold a total of 270 units for $110 each from March 1 through December 31. If the company uses the last-in, first-out inventory costing method, calculate the cost of ending inventory on December 31. (Assume that the company uses a perpetual inventory system.)
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