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The inventory data for an item for May are: May 1 Inventory 4 Sold 11 Purchased 19 Sold 30 Purchsed 20 units at $19 10

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The inventory data for an item for May are: May 1 Inventory 4 Sold 11 Purchased 19 Sold 30 Purchsed 20 units at $19 10 units 25 units at $20 15 units 5 units at $21 Using the perpetual system, costing by the first-in, first-out method, what is the value of ending inventory as of May 31

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