On September 1st, the enterprise has 70 units of beginning inventory, which it previously purchased for $6 each. On September 10th the enterprise purchased 40 additional units of inventory for $5.50 each. On September 17th, the enterprise purchased 55 additional units of inventory for $5.35 each. During the month of September, the enterprise sold 75 units. What is value of Ending Inventory under the Last In, First Out (LIFO) method?

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Under the Last In First Out LIFO method the most re... View the full answer