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Sunland Corporation had the following items in inventory as at December 31, 2020:
Item No. Quantity Unit
Cost NRVA1 120
$3.20 $3.80
B4 110 1.70 1.10C2 190
8.50 10.30D
3 120
7.50 7.10
Assume that Sunland uses a periodic inventory system, and that none of the inventory items can be grouped together for accounting purposes. The opening inventory on January 1, 2020, was $3,200 in total.
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