Question: Determine the ending inventory using the LIFO cost flow method, assuming that only one item was sold on March 24 for $14. Date Item Units

Determine the ending inventory using the LIFO cost flow method, assuming that only one item was sold on March 24 for $14. Date Item Units Cost Total Purchase 1 $4 March 3 $4 Purchase 1 6 6 March 8 Purchase 1 8 March 22 8 Total 3 $18 O a $10 Ob $18 c. $14 Od $12

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