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July 1 Beginning inventory 58 units at $139 5 Purchases 348 units at $130 14 Sale 232 units 21 Purchases 174 units at $130 30

July 1	Beginning inventory	58 units at $139
5	Purchases	348 units at $130
14	Sale	232 units
21	Purchases	174 units at $130
30	Sale	162 units

Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis?

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