Question: Choco Inc. uses a periodic inventory system. If Choco Inc. uses the LIFO method, how much is the Ending Inventory for September? 9/1 Beginning inventory

Choco Inc. uses a periodic inventory system. If Choco Inc. uses the LIFO method, how much is the Ending Inventory for September? 9/1 Beginning inventory 300units @ $5.9 9/15 Purchase 500 units @ $12.3 Sales in September (price $20/unit) 550 units

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