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During its first month of business in May, On-a-roll, Inc., a merchandiser, purchased 100 rolls of wallpaper at $11 per roll and sold 35 rolls

During its first month of business in May, On-a-roll, Inc., a merchandiser, purchased 100 rolls of wallpaper at $11 per roll and sold 35 rolls for $39 per roll. At the end of May, what is the amount of inventory reported on its balance sheet?

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