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Three identical units of Item K113 are purchased during July, as shown below. Item K113 Units Cost July 9 Purchase 1 165 17 Purchase 1

Three identical units of Item K113 are purchased during July, as shown below.

Item K113 Units Cost July 9 Purchase 1 165 17 Purchase 1 172 26 Purchase 1

188

Assume that one unit is sold on July 31 for $237. Determine the ending inventory on July 31 using the last-in,first-out (LIFO) method.

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