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Line Item Description Units and Cost Beginning inventory 8 units at $ 4 9 First purchase 1 7 units at $ 5 0 Second purchase
Line Item Description Units and Cost
Beginning inventory units at $
First purchase units at $
Second purchase units at $
Third purchase units at $
The firm uses the periodic inventory system, and there are units of the commodity on hand at the end of the year.
What is the ending inventory balance of Commodity Z using LIFO?
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