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A firm using the FIFO inventory valuation method has beginning inventory of 300 units at a cost of $15 each. During the period the firm

A firm using the FIFO inventory valuation method has beginning inventory of 300 units at a cost of $15 each. During the period the firm produced 700 units at a cost of $17 each. If the firm sold 800 units during the period, what is the value of ending inventory?

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