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Use the following data of Makrel, Inc. Unit Total Units Units Cost Cost Sold Beginning inventory 25 $ 7 $ 175 Purchase on Apr
Use the following data of Makrel, Inc. Unit Total Units Units Cost Cost Sold Beginning inventory 25 $ 7 $ 175 Purchase on Apr 25 40 8 320 Purchase on Nov 13 16 10 160 Sales 45 ? ? Makrel's LIFO cost of ending inventory would be A. $291. B. $234. C. $263. D. $320.
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