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A wine retailer pays $150 for 10 bottles of certain wine in month 1, and pays $200 for additional 10 bottles in month 2. It
A wine retailer pays $150 for 10 bottles of certain wine in month 1, and pays $200 for additional 10 bottles in month 2. It sells 10 bottles in month 3. Under the FIFO assumption, what is the retailers ending inventory for the remaining 10 bottles of the wine in month 3?
$175
$150
$350
$200
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