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A company has the beginning inventory of 16 units at a cost of $12.50 each on October 5, it purchases 14 units at $13.50 per
A company has the beginning inventory of 16 units at a cost of $12.50 each on October 5, it purchases 14 units at $13.50 per unit. On October 12 it purchases 24 units at $14.50 per unit. On October 15 it sells 42 units. Using the FIFO periodic inventory what is the value of the inventory at October 15 after the sale.
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