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Obihiro Ltd. has the following information related to its inventory of embroidered baseball caps: purchase price, 45,000,000; import duties, 375,000; interest costs on inventory loan,

Obihiro Ltd. has the following information related to its inventory of embroidered baseball caps: purchase price, 45,000,000; import duties, 375,000; interest costs on inventory loan, 520,000; and transportation costs, 125,000. Determine the cost of the Obihiro inventory.

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