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2. Huntington Corporation began business on June 1 and made the following four inventory purchases in June: A physical count of merchandise inventory on June

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Huntington Corporation began business on June 1 and made the following four inventory purchases in June: A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the periodic LIFO inventory method, the value of the ending inventory on June 30 is $1, 305.00 $1, 040.00 $1, 320.00 $1, 072.50

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