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A firm has beginning inventory of 300 units at a cost of $10 each. Production during the period was 600 units at $12 each. If
A firm has beginning inventory of 300 units at a cost of $10 each. Production during the period was 600 units at $12 each. If sales were 800 units, what is the value of the ending inventory using FIFO?
| $3,600 | ||
| $7,800 | ||
| $3,250 | ||
| $9,000 |
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