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Alphabet company which uses the periodic inventory method purchases different letters for resell alphabet had no beginning inventory. It purchased a through G and January
Alphabet company which uses the periodic inventory method purchases different letters for resell alphabet had no beginning inventory. It purchased a through G and January at $4 per letter in February at purchased H through L at $6 per letter. It purchased M through RM March at $7 per letter. It's sold ADEHJ in N in October. There were no additional purchases or sales during the remainder of the year. If alphabet company uses the FIFO method what is the ending cost of the inventory?
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