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A company purchased 300 units for $30 each on January 31. It purchased 360 units for $36 each on Februrary 28. It sold a total

A company purchased 300 units for $30 each on January 31. It purchased 360 units for $36 each on Februrary 28. It sold a total of 460 units for $40 each from March 1 through December 31. What is the amount of ending inventory on December 31 if the company uses the first-in, first-out (FIFO) inventory costing method?

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