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Niles Co. has the following data related to an item of inventory: Inventory, March 1 400 units @ $2.10 Purchase, March 7 1,400units @ $2.20 Purchase, March 16 280 units @ $2.25 Inventory, March 31 520 units 2. The value assigned to ending inventory if Niles uses LIFO is a. $1,160. b. $1,104. c. $1,092. d. $1,168.

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Financial Accounting, Accounting

Category:- Financial Accounting
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