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ABC company has the following inventory information. What amount is the ending inventory if LIFO is used? Quantity Price 1-Jun Beginning Inventory 20 2 15

ABC company has the following inventory information. What amount is the ending inventory if LIFO is used? Quantity Price 1-Jun Beginning Inventory 20 2 15 3 8-Jun Purchase 25 7 14-Jun Sale 20 4 20-Jun Purchase Select one: a. 50 b. 90 O c. 70 d. 55

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