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What is the value of closing inventory using FIFO, given the following transaction information? Opening Balance 400 units $5.20 per unit Sale 200 units $5.50
What is the value of closing inventory using FIFO, given the following transaction information?
Opening Balance 400 units $5.20 per unit
Sale 200 units $5.50 per unit
Purchase 200 units $5.30 per unit
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