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The following Information is available about inventory for Lemontree Company. Date May 1 May 5 May 16 Transaction Units Beginning Balance 17 Purchase 10 Sold

The following Information is available about inventory for Lemontree Company. Date May 1 May 5 May 16 Transaction Units Beginning Balance 17 Purchase 10 Sold 15 Cost per Unit $10 $12 What is the ending inventory for May as calculated using the LIFO method? a $170 b. $320 c. $120 d. $165

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