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15) A company had the following purchases and sales during its first year of operations: Purchases 10 units at $120 20 units at $125 Sales

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15) A company had the following purchases and sales during its first year of operations: Purchases 10 units at $120 20 units at $125 Sales 6 units 5 units 9 units 8 units 13 units January: February: May: September: November: 15 units at $130 12 units at S135 10 units at $140 On December 31, there were 26 units remaining in ending inventory. Using the Perpetual FIFO inventory valuation method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.) A) $3,405. B) $3,200. C) $3,365. D) $3,540. E) $3,270. 15) .040.2

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