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Question 3 (1 point) Smith Retail has the following purchases and sales for the period. Quantity Price Beginning inventory 500 $ 5.16 Purchases Jan 12

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Question 3 (1 point) Smith Retail has the following purchases and sales for the period. Quantity Price Beginning inventory 500 $ 5.16 Purchases Jan 12 600 $ 5.78 Jan 26 160 $ 5.23 Sales Jan 18 370 $ 16.00 Jan 30 250 $ 16.00 What is the ending inventory for the period using perpetual LIFO method? Response rounded to whole numbers, without commas and without dollar signs O hp

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