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The following information pertains to Julia & Company: March 1 Beginning inventory = 30 units @ $5 March 3 Purchased 15 units @ $4 March

The following information pertains to Julia & Company:

March 1 Beginning inventory = 30 units @ $5

March 3 Purchased 15 units @ $4

March 9 Sold 25 units @ $8

What is the ending inventory balance for Julia & Company assuming that it uses LIFO?

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