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Wahoo Company reported the following inventory cost data: DateExplanation Units Cost Per Unit Jun 1 Beginning inventory 50 120 Jun 5 Purchases300112 Jun 14 Sale

Wahoo Company reported the following inventory cost data:

DateExplanation Units Cost Per Unit Jun 1 Beginning inventory 50 120 Jun 5 Purchases300112 Jun 14 Sale 200 Jun 21 Purchases150 115 Jun 30 Sale 140

The company uses a periodic inventory system. What should the company report as ending inventory (in dollars, not units) on a FIFO basis as of June 30?

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