Question: Given the following inventory data about a firm: Beginning inventory 20 units at $50/unit Purchased 10 units at $45/unit Purchased 35 units at $55/unit Purchased

Given the following inventory data about a firm: Beginning inventory 20 units at $50/unit Purchased 10 units at $45/unit Purchased 35 units at $55/unit Purchased 20 units at $65/unit Sold 60 units at $80/unit What is the inventory value at the end of the period using LIFO?

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