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Inventory valuation methods allow management to select a method that best fits their business model. Given the following data, what is the value of the ending inventory as determined by the First in First out (FIFO) method?

Sales revenue 300 units at $15 per unit
Purchases 240 units at $10 per unit
Beginning inventory 120 units at $9 per unit

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9413681

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