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A company has inventory of 14 units at a cost of $9 each on June 1st. On June 3rd, it purchased 24 units at $12

A company has inventory of 14 units at a cost of $9 each on June 1st. On June 3rd, it purchased 24 units at $12 each. 16 units are sold on June 5th. Using the FIFO perpetual inventory method, what is the cost of the 16 units that were sold?

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