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The following units of an inventory item were available for sale during the year: Unit Unit Cost Beginning inventory 15 $55 First purchase 30 60

The following units of an inventory item were available for sale during the year:

Unit Unit Cost
Beginning inventory 15 $55
First purchase 30 60
Second purchase 30 65
Third purchase 20 70

The firm uses the periodic inventory system. During the year, 64 units of the item were sold.

The value of ending inventory using LIFO is

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