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Using the following inventory related information, calculate the company's Ending Inventory on January 31 using Periodic LIFO. Jan. 1 On hand, 10 units at $20
Using the following inventory related information, calculate the company's Ending Inventory on January 31 using Periodic LIFO.
| Jan. 1 | On hand, 10 units at $20 each |
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| Purchases |
| Sales |
| Jan. 8 | 25 units at $23 each | Jan. 4 | 8 units @ $75 each |
| 22 | 50 units at $26 each | 15 | 20 units @ $75 each |
| 28 | 15 units at $29 each | 26 | 52 units @ $75 each |
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Select one:
A. $430
B. $454
C. $544
D. $565
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