Hammond Stationery uses the LIFO method of valuing inventory and has 350 pen sets remaining in inventory. Hammond purchased the pen sets over a six month period as follows: May 1: 175 at $20.50; May 15: 125 at $22.00 . July 7: 75 at $24.00 . and October 1: 150 at $23.50 . Compute the value of the ending inventory
$7,537.50
Business
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