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Klump Co. uses a perpetual inventory system and had the following inventory transactions for the month of March. Beginning Inventory - 150 units at $81
Klump Co. uses a perpetual inventory system and had the following inventory transactions for the month of March.
Beginning Inventory - 150 units at $81
March 7 Sold 70 units
March 11 Purchase 200 units at $85
March 12 Sold 220 units
If the company uses the FIFO inventory costing method, the amount of ending inventory reported on the balance sheet is:
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