Question: Aberforth Dumbledore Co. has determined its year-end inventory on a LIFO basis to be $609,000. Information pertaining to that inventory is as follows: Selling price

Aberforth Dumbledore Co. has determined its year-end inventory on a LIFO basis to be $609,000. Information pertaining to that inventory is as follows: Selling price Costs to sell Normal profit margin Replacement cost $ 739,000 61,000 43,000 616,000 What amount of ending inventory should Aberforth report

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