Question: At year - ena there are 8 5 0 units on hand in inventory. What is the cost of the ending inventory assuming use of

At year-ena there are 850 units on hand in inventory. What is the cost of the ending inventory assuming use of the last-in, first-out method (LFO)?
0$2,600
$2,528
$3,370
Some other amount
How much is FIFO inventory (phantom) profit?
$388
0$770
FIFO EI
$3,370
cannot be determined
800(4)=3200
50(3.4)=170
At year - ena there are 8 5 0 units on hand in

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