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Niles Co. has the following data related to an item of inventory: Inventory, March 1200 units @ $2.00 Purchase, March7700 units @ $2.20 Purchase, March

Niles Co. has the following data related to an item of inventory:

Inventory, March 1200 units @ $2.00

Purchase, March7700 units @ $2.20

Purchase, March 16140 units @ $2.25

Inventory, March 31260 units

The value assigned to ending inventory if Niles uses LIFO is:

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