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A sneaker outlet has made the following wholesale purchases of new running shoes: 12 pairs at $44.80, 25 pairs at $3980 and 20 pairs at

A sneaker outlet has made the following wholesale purchases of new running shoes: 12 pairs at $44.80, 25 pairs at $3980 and 20 pairs at $49.80. An inventory taken last week indicates that 24 pairs are still in stock Calculate the cost of this inventory by FIFO, Cost of ending inventory

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