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In its first month of operations, Windsor Electronics made three purchases of merchandise in the following sequence: (1) 280 units at NT$170, (2) 410 units
In its first month of operations, Windsor Electronics made three purchases of merchandise in the following sequence: (1) 280 units at NT\$170, (2) 410 units at NT\$200, and (3) 200 units at NT $240. Windsor uses a periodic inventory system. (a) Assuming there are 470 units on hand, compute the cost of the ending inventory under the FIFO method
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