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Smith Retail has the following purchases and sales for the period. Quantity Price Beginning inventory 500 $ 4.96 Purchases Jan 12 600 $ 6.44 Jan

Smith Retail has the following purchases and sales for the period. Quantity Price Beginning inventory 500 $ 4.96 Purchases Jan 12 600 $ 6.44 Jan 26 160 $ 6.29 Sales Jan 18 370 $ 16.00 Jan 30 250 $ 16.00 What is the ending inventory for the period using FIFO method?

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