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What is the value of closing inventory using FIFO, given the following transaction information? Opening Balance 500 units@$3.50 Purchase 100 units @$3.80 Sale 250 units
What is the value of closing inventory using FIFO, given the following transaction information?
Opening Balance 500 units@$3.50
Purchase 100 units @$3.80
Sale 250 units
Purchase 100 units @$3.60
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