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Glasgow Enterprises Started the Period with 80 Units in Beginning

Question 48

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Glasgow Enterprises started the period with 80 units in beginning inventory that cost $7.50 each.During the period,the company purchased inventory items as follows:
Glasgow Enterprises started the period with 80 units in beginning inventory that cost $7.50 each.During the period,the company purchased inventory items as follows: Glasgow sold 220 units after purchase 3 for $17.00 each. -What is Glasgow's ending inventory under LIFO? A) $2,730 B) $2,460 C) $2,220 D) $1,950 Glasgow sold 220 units after purchase 3 for $17.00 each.
-What is Glasgow's ending inventory under LIFO?


A) $2,730
B) $2,460
C) $2,220
D) $1,950

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