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Severino Co. had inventory on April 1st of 5 units at a cost of $13 each. On April 3rd, they purchased 16 units at $15
Severino Co. had inventory on April 1st of 5 units at a cost of $13 each. On April 3rd, they purchased 16 units at $15 each. On April 9th they purchased 12 units at $18 each. On April 12th, 14 units were sold. Using the LIFO inventory method, what was the value of the inventory on April 12th after the sale?
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