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A firm that sells a single product had a beginning inventory of 4,000 units with a total cost of $28,000. Early in the year, 10,000 units were purchased at $9 each. Using FIFO, what is the value of the ending inventory of 3,000 units?

A) $27,000

B) $24,000

C) $21,000

D) $36,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M940307

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