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A furniture outlet has made the following wholesale purchases of a new kitchen chairs 18 chairs at $55, 19 chairs at $60, and 12 chairs

A furniture outlet has made the following wholesale purchases of a new kitchen chairs 18 chairs at $55, 19 chairs at $60, and 12 chairs at $55, An inventory taken last week indicates that 33 chairs are still in stock.

Calculate the cost of this inventory by FIFO

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