The company makes the widget purchases shown in the following table. PURCHASE COST TOTAL MONTH QUANTITY PER UNIT PURCHASE COST January March July October December TOTAL 100 $ 30.00 S 3.000.00 150 31.00 S 4.650.00 100 $ 31.00 S 3,100.00 110 $ 31.00 3.410.00 90 $ 35.00 3,150.00 550 17,310.00 Over the year, the company sells 500 units. At the end of the year, the company has 50 units unsold. What is the LIFO value of the remaining inventory? 0000 50 * $30.00 =$1,500.00 50 * $31.47 =$1,575.64 50 * $35.00 =$1.750.00 50 * $31.00 = $1,550.00

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To calculate the LIFO Last In First Out value of the remaining inventory we need t... View the full answer