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What would be the value of the ending inventory if use fifo

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Company A is a new online hat retailer. During the first month they made the following purchases of hats and had the following sales of hats:

January 1: Purchased 400 hats for $5 each.
January 15: Purchased 200 hats for $6 each.
January 31: Sold 250 hats.

Question 1: What would be the value of the ending Inventory if they use FIFO?

Reference no: EM132526271

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