Kelly’s company currently has 300 pounds of iron in their inventory. Using LIFO, the unit cost of the iron is $5 per pound. What is the LIFO total cost? a.) $60 b.) $600 c.) $3,000 d.) $1,500
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Kelly’s company currently has 300 pounds of iron in their inventory. Using LIFO, the unit cost of the iron is $5 per pound. What is the LIFO total cost?
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