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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 8 units at $49
First purchase 17 units at $50
Second purchase 50 units at $57
Third purchase 17 units at $59
The firm uses the periodic inventory system, and there are 23 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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