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Question 11 (3 points) The following units of an inventory item were available for sale during the year: Unit Unit Cost Beginning inventory 12

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Question 11 (3 points) The following units of an inventory item were available for sale during the year: Unit Unit Cost Beginning inventory 12 $55 First purchase 28 60 Second purchase 34 65 Third purchase 17 70 The firm uses the periodic inventory system. During the year, 62 units of the item were sold. The value of ending inventory using FIFO is Your Answer: Answer

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