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LMN Corporation had the following inventory transactions during 2023: Transaction Description Quantity Purchased Unit Cost Beginning Inventory 100 units $50 Purchase #1 200 units $55
LMN Corporation had the following inventory transactions during 2023:
Transaction Description Quantity Purchased Unit Cost Beginning Inventory 100 units $50 Purchase #1 200 units $55 Purchase #2 150 units $60 Sales 300 units sold What is the value of LMN Corporation's ending inventory using the FIFO (First-In, First-Out) method?
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