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Eller Company uses a periodic inventory system. Relevant inventory information for the year follows: At year-end, 50 units remain in inventory. What is the cost

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Eller Company uses a periodic inventory system. Relevant inventory information for the year follows: At year-end, 50 units remain in inventory. What is the cost of the ending inventory on a LIFO basis? $8,750 $7,100 $7,950 $8,450

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