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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 8-Jun

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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 8-Jun Purchase 15 3 14-Jun Sale 25 7 20-Jun Purchase 20 4 Select one: O a. 50 O b. 90 O c. 70 O d. 55

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