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A company purchases 20 units of inventory for $5.50 on January 5 and 25 units for $6.00 on January 25. It then sells a total

A company purchases 20 units of inventory for $5.50 on January 5 and 25 units for $6.00 on January 25. It then sells a total of 30 units on January 31. If the company is following the LIFO method of inventory costing, what is the total cost of the inventory sold?

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