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The following lots of Commodity Z were available for sale during the year. The firm uses the periodic inventory system, and there are 23 units

The following lots of Commodity Z were available for sale during the year. The firm uses the periodic inventory system, and there are 23 units of the commodity on hand at the end of the year: What is the ending inventory balance of Commodity Z using FIFO? a. $3.945 b. $3,968 c. $1,150 d. $1.442

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