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Bramble Shutters has the following inventory information. Nov. 1 Inventory 20 units @ $8.00 8 Purchase 110 units @ $5.00 17 Purchase 50 units
Bramble Shutters has the following inventory information. Nov. 1 Inventory 20 units @ $8.00 8 Purchase 110 units @ $5.00 17 Purchase 50 units @ $6.00 25 Purchase 70 units @ $7.00 A physical count of merchandise inventory on November 30 reveals that there are 100 units on hand. Assume a periodic inventory system is used. Ending inventory under LIFO is $560. O $700. $1702. $1648.
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