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Glasgow Enterprises started the period with 70 units in beginning inventory that cost $2.10 each. During the period, the company purchased inventory items as follows.
Glasgow Enterprises started the period with 70 units in beginning inventory that cost $2.10 each. During the period, the company purchased inventory items as follows. Glasgow sold 305 units after purchase 3 for $10.40 each. Purchase No. of Items Cost 1 280 $ 2.60 2 190 $ 2.70 3 60 $ 3.10 Glasgow's ending inventory under LIFO would be: Multiple Choice $620. $797. $915. $732.
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