Question: Refer to the information in qs and assume the periodic

Refer to the information in QS and assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO. (Round per unit costs to three decimals, but inventory balances to the dollar.)
In QS, Mercedes Brown starts a merchandising business on December 1 and enters into three inventory purchases:

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  • CreatedMarch 18, 2015
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