Assume that Marvel uses a perpetual FIFO inventory system. What is the dollar value of its ending

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Assume that Marvel uses a perpetual FIFO inventory system.

What is the dollar value of its ending inventory?

a. $2,940

d. $2,852

b. $2,685

e. $2,705

c. $2,625 July 1 Beginning inventory . . . . . . . . 75 units @ $25 each July 3 Purchase . . . . . . . . . . . . . . . 348 units @ $27 each July 8 Sale . . . . . . . . . . . . . . . . . . . 300 units July 15 Purchase . . . . . . . . . . . . . . . 257 units @ $28 each July 23 Sale . . . . . . . . . . . . . . . . . . . 275 units.AppendixLO1

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