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A company purchased 300 units for $30 each on January 31. It purchased 330 units for $33 each on February 28. It sold a total

A company purchased 300 units for $30 each on January 31. It purchased 330 units for $33 each on February 28. It sold a total of 440 units for $40 each from March 1 through December 31. What is the cost of ending inventory on December 31 if the company uses the firstin, firstout (FIFO) inventory costing method? Assume that the company uses a perpetual inventory system.

A. $6,270

B. $5,700

C. $4,720

D. $980

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