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Assume your organization has the following inventory changes during the year: table [ [ Beginning Inventory, 2 0 units valued at $ 7 ,

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Assume your organization has the following inventory changes during the year:
\table[[Beginning Inventory,20 units valued at $7,500 each],[January purchases,10 units at $8,500 each],[April purchases,15 units at $8,750 each],[Total Units Used,30]]
Calculate the value of the ending inventory and the value of the inventory used (the inventory expense) for the year using both the FIFO and the LIFO methods.
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