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Glasgow Enterprises started the period with 60 units in beginning inventory that cost $1.70 each. During the period, the company purchased inventory items as follows:
Glasgow Enterprises started the period with 60 units in beginning inventory that cost $1.70 each. During the period, the company purchased inventory items as follows: Purchase 1 2 3 Number of Items 380 110 50 Cost $2.20 $2.30 $2.70 Glasgow sold 255 units after purchase 3 for $7.20 each.
What is Glasgow's ending inventory under LIFO?
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