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Culver Clocks, Inc. uses the LIFO method of valuing inventory. Over the past year, it purchased clocks as follows: January 1 : 1 0 0
Culver Clocks, Inc. uses the LIFO method of valuing inventory. Over the past year, it purchased clocks as follows: January : at $; March : at $; July : at $; October : at $; December : at $ At yearend on December Culver Clocks, Inc. had a yearend inventory of clocks. Compute the December inventory value.
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