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Montana Co. has determined its year-end inventory on a FIFO basis to be $640,000. Information pertaining to that inventory is as follows: What should be

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Montana Co. has determined its year-end inventory on a FIFO basis to be $640,000. Information pertaining to that inventory is as follows: What should be the reported value of Montana's inventory? Multiple Choice $550,000. $620,000. $609,000. $583,000

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