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Glasgow Enterprises started the period with 250 units in beginning inventory that cost $11.00 each. During the period, the company purchased inventory items as follows:
Glasgow Enterprises started the period with 250 units in beginning inventory that cost $11.00 each. During the period, the company purchased inventory items as follows: Purchase 1 2 3 Number of Items 1,900 1,850 220 Glasgow sold 2,720 units after purchase 3 for $810 each. What is Glasgow's ending inventory under LIFO? Multiple Choice $18,000 $17,400 Cost $11.50 $11.60 $12.00 $17,125 $16,500
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