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ABC Companies sells auto parts. The activity in December for part number A103 was as follows: Transaction Date Units Cost per unit Dec. 1 Starting
ABC Companies sells auto parts. The activity in December for part number A103 was as follows: Transaction Date Units Cost per unit Dec. 1 Starting Inventory 20 `$ 10 Dec 10 Buy 10 $ 15 Dec 20 Sell 5 Using the Last In, First Out (LIFO) - Perpetual inventory cost flow assumption, determine the ending inventory balance.
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