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Inventory records for Dunbar Incorporated revealed the following:
Date Transaction Number of Units Unit
Apr.1 Beginning inventory 490 $2.46
Apr.20 Purchase 350 2.65
Question 1: Dunbar sold 640 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)
Option 1: $530.
Option 2: $1,205.
Option 3: $492.
Option 4: $1,299.
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