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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, 41

The following units of an inventory item were available for sale during the year: The firm uses the periodic inventory system. During the year, 41 units of the item were sold. The value of ending inventory using FIFO is a. $1.526 b. $1.221 c. 52,498 d. 52,046

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