Question: Taylor Co had the following inventory data: Beginning inventory 3,000 units at $4 a unit Purchase 1 consisted of 2,500 units at $4.25 a unit

Taylor Co had the following inventory data: Beginning inventory 3,000 units

Taylor Co had the following inventory data: Beginning inventory 3,000 units at $4 a unit Purchase 1 consisted of 2,500 units at $4.25 a unit Purchase 2 consisted of $1,500 units at $4.50 a unit. During the period, Taylor Co sold 4,300 units for $7 a unit. If Taylor Co uses LIFO inventory what was the value of goods available for sale

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