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The beginning inventory for North Company consists of 150 units valued at $25 each. Four purchases of 50 units each were made during the year

The beginning inventory for North Company consists of 150 units valued at $25 each. Four purchases of 50 units each were made during the year at $25.50, $26, $27, and $29 per unit, respectively. A physical count reveals 90 units on hand on December 31, which is the end of the accounting period. Assuming that the company values inventory using a periodic FIFO system, what is the value of the ending inventory?

A.

$2,530

B.

$2,250

C.

$2,346

D.

$2,500

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