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Bonita uses the periodic inventory system. For the current month, the beginning inventory consisted of 7000 units that cost $12.00 each. During the month, the
Bonita uses the periodic inventory system. For the current month, the beginning inventory consisted of 7000 units that cost $12.00 each. During the month, the company made two purchases: 2900 units at $13.00 each and 11900 units at $13.50 each. Bonita also sold 12800 units during the month. Using the FIFO method, what is the ending inventory?
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