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Using the following information calculate the ending Inventory balance reported at the end of the year if FIFO inventory valuation method is used. Units Purchase

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Using the following information calculate the ending Inventory balance reported at the end of the year if FIFO inventory valuation method is used. Units Purchase Price Beginning inventory 100 $25 Purchase #1 80 $26 Purchase #2 160 $23 Purchase #3 190 $24 Sales 335 units $2,275 $2,302 $2375 None of the above

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