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The following units of an inventory item were available for sale during the year: The firm uses the periodic inventory system. During the year, 49

The following units of an inventory item were available for sale during the year: The firm uses the periodic inventory system. During the year, 49 units of the item were sold. The value of ending inventory using LIFO is a. $706 b. $1,082 c. $376 d. $894

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