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What are the total number of units remaining in ending inventory at the end of 2017 using a LIFO inventory costing method? Assume Wellman Ltd.

What are the total number of units remaining in ending inventory at the end of 2017 using a LIFO inventory costing method?

Assume Wellman Ltd. reports the following initial balance and subsequent purchase of inventory:

Beginning Inventory, 2017

1,000 units @ $150 each

$150,000

Inventory purchased in 2017

2,000 units @ $225 each

$450,000

Cost of goods available for sale in 2017

3,000 units

$600,000

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