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Jennifer Company uses the periodic inventory system to account for inventories. Information related to Jennifer Company's inventory at October 31 is given below: October 1
Jennifer Company uses the periodic inventory system to account for inventories. Information related to Jennifer Company's inventory at October 31 is given below: October 1 Beginning inventory 405 units x $9.60 8 Purchase 790 units x $10.00 - 16 Purchase 610 units x $10.90 - 24 Purchase 210 units x $11.50 - Total units and cost 2015 units $3,888 7,900 6,649 2,415 $20,852 Value the ending inventory using the LIFO cost assumption if 500 units remain on hand at October 31. Ending Inventory $
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