Question: Please assist me in finding the correct solution. A firm has beginning inventory of 400 units at a cost of $12 each. Production during the

Please assist me in finding the correct solution. A firm has beginning inventory of 400 units at a cost of $12 each. Production during the period was 700 units at $13 each. If sales were 800 units, what is the value of the ending inventory using LIFO?

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