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Beginning inventory, purchases, and sales for Item MMM8 are as follows: November 1 Inventory 106 16 9 Sale 94 16 Purchase 128 16 25 Sale

Beginning inventory, purchases, and sales for Item MMM8 are as follows:

November 1 Inventory 106 16

9 Sale 94

16 Purchase 128 16

25 Sale 75

Assuming a perpetual inventory system and using the Last-in, first-out (FIFO) method, determine the inventory value on November 30.

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