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XYZ Company uses FIFO method of inventory costing. It had made the following purchases during the current month. 1st batch, 3,000 units at P150 per
XYZ Company uses FIFO method of inventory costing. It had made the following purchases during the current month. 1st batch, 3,000 units at P150 per unit, 2nd batch, 5,000 units at P160 per unit, and 3rd batch, 6,000 units at P170 per unit. XYZ sold 10,500 units. What amount of inventory should be reported at the end of the period?
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