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What is the cost of ending inventory on december 31

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A company purchased 500 units for $ 30 each on January 31. It purchased 600 units for $ 36 each on February 28. It sold a total of 640 units for $ 40 each from March 1 through December 31. What is the cost of ending inventory on December 31 if the company uses the first-?in, first-out ?(FIFO) inventory costing? method? (Assume that the company uses a perpetual inventory? system.)

Reference no: EM132344203

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