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Use the information below to answer the following question. The following lots of a particular commodity were available for sale during the year: Beginning inventory
Use the information below to answer the following question.
The following lots of a particular commodity were available for sale during the year:
Beginning inventory
First purchase
Second purchase
Third purchase
units at $
units at $
units at $
units at $
The firm uses the periodic system, and there are units of the commodity on hand at the end of the year.
What is the amount of inventory at the end of the year using the FIFO method?
a $
b $
c $
d $
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