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The beginning inventory for ProKnows Ltd. consisted of 20 units at $4 each. During March, 40 more units of inventory were purchased for $5 each, and during May, an additional 40 units were purchased for $6 each. A total of 70 units of inventory were sold during the year. Under the LIFO cost flow assumption, ending inventory:
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The beginning inventory for ProKnows Ltd. consisted of 20 units at $4 each. During March, 40 more un...
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