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company purchased 4 0 0 units for $ 3 0 each on January 3 1 . It purchased 2 0 0 units for $ 4

company purchased 400 units for $30 each on January 31. It purchased 200 units for $40 each on February 28. It sold a total of 260 units for $90 each from March 1 through December 31. If the company uses the lastminusin, firstminusout inventory costing method, calculate the cost of ending inventory on December 31.(Assume that the company uses a perpetual inventory system.)
Question content area bottom
Part 1
A.
$340
B.
$20,400
C.
$13,600
D.
$10,200

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