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Waterway Industries has the following data related to an item of inventory: Inventory, March 1 370 units @ $2.10 Purchase, March 7 1440 units @
Waterway Industries has the following data related to an item of inventory:
Inventory, March 1 | 370 units | @ $2.10 | |
Purchase, March 7 | 1440 units | @ $2.20 | |
Purchase, March 16 | 270 units | @ $2.25 | |
Inventory, March 31 | 510 units |
The value assigned to ending inventory if Waterway uses LIFO is
$1071.
$1137.
$1146.
$1085.
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