The company started business at the beginning of Year 1. Inventory purchases and sales during the first four years of the company's business are as follows:

Compute the company's ending inventory as of the end of Year 4. The company uses LIFO inventoryvaluation.

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Units Cost Units Purchased per Unit Sold Year Year 2. Year 3 Year 4 50 80 90 130 $2.50 3.00 3.40 4.00 40 65 90 100