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

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The following lots of Commodity Z were avallable 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. $4,040 b. $1,196 c. $4,017 d. $1,303

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