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Required information [ The following information applies to the questions displayed below. ] A company reports the following beginning inventory and two purchases for the

Required information
[The following information applies to the questions displayed below.]
A company reports the following beginning inventory and two purchases for the month of January. On January 26, the
company sells 400 units. Ending inventory at January 31 totals 150 units.
Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based
on the LIFO method.
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