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BetterBuy, Inc. has 7 units in inventory on December 31. The units were purchased in November for$160 each. The price lists from the suppliers indicate

BetterBuy, Inc. has 7 units in inventory on December 31. The units were purchased in November for$160 each. The price lists from the suppliers indicate that the same items would now cost the company a total of$1,155. What would be the amount reported as Ending Merchandise Inventory on the balancesheet?

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