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The following selected financial information relates to Jacobs Company's beginning inventory, inventory purchases, and sales of inventory for 2016 @ $13 $ 455 01/01/2016 Beginning

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The following selected financial information relates to Jacobs Company's beginning inventory, inventory purchases, and sales of inventory for 2016 @ $13 $ 455 01/01/2016 Beginning 35 units inventory 04/24/2016 First purchase 75 units 10/16/2016 Second purchase 60 units 900 @ $12 @ $10 600 Total available 170 units $1,955 11/15/2016 Sales 120 units @ $25 $3,000 What is the ending inventory using the LIFO cost flow method? Multiple Choice O $500 $635 $575 $650

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