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Business, 12.06.2020 23:57 bernicewhite156

RJ Corporation has provided the following information about one of its inventory items: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 400 $ 3,200 6/6 Purchase 800 $ 3,600 9/10 Purchase 1,200 $ 4,000 11/15 Purchase 800 $ 4,200 During the year, RJ sold 3,000 units. RJ uses the periodic inventory method. What was ending inventory using the LIFO cost flow assumption?

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