How much is ending inventory

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Reference no: EM132817296

Question - A company purchases similar specialized inventory items in 3 different transactions at unit prices of $750, $800, and $820 (in that order). It then sells a single unit for $1,500 and has the remaining 2 units in inventory at the end of the year. The company uses the FIFO method. How much is ending inventory?

Reference no: EM132817296

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