Question: How do you answer this question? Neighborly Industries has the following inventory information. 30 July 1 5 14 21 30 Beginning Inventory Purchases Sale Purchases

How do you answer this question? Neighborly Industries has the following

How do you answer this question?

Neighborly Industries has the following inventory information. 30 July 1 5 14 21 30 Beginning Inventory Purchases Sale Purchases Sale 30 units at $60 180 units at $56 120 units 90 units at $57.50 84 units Assuming that a periodic inventory system is used, what is the amount allocate to ending inventory of a LIFO basis

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