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Javon Corp. had a beginning inventory of 300 cans of paint on January 1, at a cost of $2,100. During the year, the following purchases
Javon Corp. had a beginning inventory of 300 cans of paint on January 1, at a cost of $2,100. During the year, the following purchases were made: Feb. 15 bought 200 cans @ $8 each, May 5 bought 250 cans @ $10 each, and Dec. 8 bought 100 cans @ $12 each. Assuming 310 cans are left in inventory, what is the cost of ending inventory using the LIFO method?
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