Question: From the given information find the ending inventory using the Lifo method inventory valuation. 1st February 2021 Beginning Inventory is 500 units @10 2nd July

From the given information find the ending inventory using the Lifo method inventory valuation. 1st February 2021 Beginning Inventory is 500 units @10 2nd July 2018 purchased 1000 units @ 20 8th July 2018 purchased 3000 units@30 Inventory sold2500 units@400 a. $60,000 b. $90,000 c. $40,000 d. $20,500

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