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Dobler Company uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows: Units Per unit price
Dobler Company uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows: Units Per unit price Total Balance, 1/1/2017 300 $5.00 $1,500 Purchase, 1/15/2017 150 5.30 795 Purchase, 1/28/2017 150 5.50 825 An end of the month (1/31/2017) inventory showed that 240 units were on hand. If the company uses LIFO, what is the value of the ending inventory? a. $1,264 b. $1,200 c. $1,302 d. $1,920
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