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Sunland Company has the following data related to an item of inventory: Inventory, March 1 360 units @ $1.90 Purchase, March 7 1380 units @
Sunland Company has the following data related to an item of inventory:
Inventory, March 1 360 units @ $1.90
Purchase, March 7 1380 units @ $2.00
Purchase, March 16 330 units @ $2.05
Inventory, March 31 500 units
The value assigned to ending inventory if Sunland uses LIFO is
| a.$964. |
|
| b.$950. |
|
| c.$1023. |
|
| d.$1015. |
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