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21-12-2022
Business

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the following lots of commodity z were available for sale during the year. line item description units and cost beginning inventory 12 units at $47 first purchase 15 units at $50 second purchase 55 units at $57 third purchase 14 units at $63 the firm uses the periodic inventory system, and there are 25 units of the commodity on hand at the end of the year. what is the ending inventory balance of commodity z using lifo? a.$1,214 b.$1,175 c.$1,509 d.$5,331

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