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Ending Inventory Assignment | Top Universities

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March 18th, 2020

Assume that Wally World uses a perpetual LIFO inventory system. Its ending inventory consists of 13 units. Calculate the dollar value of its ending inventory.

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Jan 1 Beginning Inventory 10 @ $12
Jan 5 Purchase 10 @ $15
Jan 30 Purchase 10 @ $18
Feb 8 Sale 17 units

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