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Business, 01.03.2021 22:20 nourmaali

RJ Corporation has provided the following information about one of its inventory items: Date Transaction Number of Units Cost per Unit
1/1 Beginning Inventory 400 $ 3,200
6/6 Purchase 800 $ 3,600
9/10 Purchase 1,200 $ 4,000
11/15 Purchase 800 $ 4,200
During the year, RJ sold 3,000 units. What was ending inventory using the LIFO cost flow assumption under a periodic inventory system?
a. $11,590,000
b. $11,680,000
c. $11,550,000.
d. $11,480,000

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