QUIZ HINT Here is a Lifo problem for us to work in class. RESTATED PROBLEM FOR CLASS Paper Co. has the following data related to an item of inventory:...

QUIZ HINT Here is a Lifo problem for us to work in class. RESTATED PROBLEM FOR CLASS Paper Co. has the following data related to an item of inventory: Date UNITS @ COST Inventory, March 1 200 @ $5.00 Purchase, March 7 275 @ $5.20 Purchase, March 16 100 @ $5.15 AVAILABLE FOR SALE 575 SOLD -95 Inventory, March 31 480 The value assigned to ending inventory if Paper uses LIFO is $______Value of ending inventoryDate1-Mar7-Mar16-MarValue Amount1000143025.752455.75 Answer