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Melbourne Company uses the perpetual inventory method. Melbourne purchased 1,900 units of inventory that cost $12.50 each. At a later date the company purchased an

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Melbourne Company uses the perpetual inventory method. Melbourne purchased 1,900 units of inventory that cost $12.50 each. At a later date the company purchased an additional 2,000 units of inventory that cost $13.00 each. If Melbourne uses a LIFO cost flow method, and sells 2,200 units of inventory, the amount of ending inventory appearing on the balance sheet will be

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