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Deadhead Flower Shop begins 2022 with 10 glass pipes that cost $100 each. During the year the company purchases 16 more pipes for $95 each.
Deadhead Flower Shop begins 2022 with 10 glass pipes that cost $100 each. During the year the company purchases 16 more pipes for $95 each. The company sells 14 pipes for $300 each. What is the value of Deadhead's ending inventory if the company uses LIFO?
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