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RJ Corporation has provided the following information about one of its inventory items: Number of Cost per Date 1/1 Transaction Units Unit Beginning Inventory
RJ Corporation has provided the following information about one of its inventory items: Number of Cost per Date 1/1 Transaction Units Unit Beginning Inventory 655 $2,400 6/6 Purchase 855 $3,975 9/10 Purchase 1,275 $5,125 11/15 Purchase 900 $5,700 During the year, RJ sold 3,240 units. What was ending inventory using the LIFO cost flow assumption? Multiple Choice $2,008,840. $1,068,000. $2,536,500. $1,635,375.
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