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Audrey Company uses the LIFO retail inventory method and reports the following information: Cost Retail Beginning inventory $ 540 $ 900 Net markups 1,000 Sales

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Audrey Company uses the LIFO retail inventory method and reports the following information: Cost Retail Beginning inventory $ 540 $ 900 Net markups 1,000 Sales 4,000 500 Net markdowns 3,150 4,000 Purchases What is the cost of ending inventory for Audrey Company? $540 O $830 $890 $662

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