Question: The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Pai, Inc. for an operating period. Units Unit
The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Pai, Inc. for an operating period.
Units
Unit
Cost
Total
Cost
Units Sold
Beginning Inventory
$
$
Sale No
Purchase No
Sale No
Purchase No
Totals
$
Assuming Pai, Inc. uses LIFO periodic inventory procedures, the ending inventory cost is:
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