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The following selected financial information relates to Jacobs Companys beginning inventory, inventory purchases, and sales of inventory for 2016: 01/01/2016 Beginning inventory 35 units @

The following selected financial information relates to Jacobs Companys beginning inventory, inventory purchases, and sales of inventory for 2016:

01/01/2016 Beginning inventory 35 units @ $13 $ 455
04/24/2016 First purchase 75 units @ $12 900
10/16/2016 Second purchase 60 units @ $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?

A) $500

B) $635

C) $575

D) $650

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