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Lisa Company uses the periodic inventory system to account for inventories. Information related to Lisa Company's inventory at October 31 is given below: October $3,822

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Lisa Company uses the periodic inventory system to account for inventories. Information related to Lisa Company's inventory at October 31 is given below: October $3,822 390 units $9.80 = 790 units * $10.50 = 8 8,295 16 1 Beginning inventory Purchase Purchase Purchase Total units and cost 590 units X $10.60 = 6,254 24 195 units x $11.60 = 2.262 1.965 units $20,633 Value the ending inventory using the FIFO cost assumption if 500 units remain on hand at October 31. (Round answer to O decimal places, e.g. 5,275.) Ending Inventory $

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