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The following units of an inventory item were available for sale during the year: The firm uses the periodic inventory system. During the year, 53

The following units of an inventory item were available for sale during the year: The firm uses the periodic inventory system. During the year, 53 units of the item were sold. The value of ending inventory using FIFO is a. $1,088 b. $2,042 c. $1,700 d. $870

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