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3. Short Problem: Inventory Cost Flow Assumptions: Cost per # Units Unit Beginning Inventory 1500 55 Purchases 2750 58 Units Sold 2250 99 Operating Expenses

3. Short Problem: Inventory Cost Flow Assumptions:
Cost per
# Units Unit
Beginning Inventory 1500 55
Purchases 2750 58
Units Sold 2250 99
Operating Expenses 20000

What is ending inventory under LIFO (perpetual)?

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