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Beginning inventory, purchases and sales data for T-shirts are as follows: April 3 Inventory 11 Purchase 14 Sale 21 Purchase 25 Sale 24 units

Beginning inventory, purchases and sales data for T-shirts are as follows: April 3 Inventory 11 Purchase 14 Sale 21 Purchase 25 Sale 24 units 26 units 36 units 18 units 20 units @ $8 $12 @ $15 Assuming the business maintains a periodic inventory system, calculate the ending inventory under LIFO: Your Answer:

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