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A company had the following purchases during its first year of operations Purchases Sales January 6 units at $ 11 May 25 units at $

A company had the following purchases during its first year of operations Purchases Sales January 6 units at $ 11 May 25 units at $ 16 September 24 units at $ 20 October 10 units at $40 Assuming that the company uses the First In First Out (FIFO) as their inventory valuation method. What is the value of their ending inventory as of October

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