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What is the value of ending inventory

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Question - FireStick, Inc. sells miniature flashlights at an average price $7.55 per unit and its August inventory records reveal the following:

81 Beginning stock: 50 units at $4.00

8/1-6/15 Sales: 38 units

8/16 Purchases: 46 units at $3.50

8/16-8/31 Sales: 40 units

Required - Assuming the company uses FIFO, what is the value of ending inventory?

Reference no: EM132613232

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