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A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If

A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the value of the ending inventory using FIFO?

a. 2750

b. 3000

c. 3300

d. 2550

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