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A sneaker outlet has made the following wholesale purchases of new running shoes:...

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Accounting

A sneaker outlet has made the following wholesale purchases of new running shoes: 12 pairs at $44.10,25 pairs at $39.10, and 20 pairs at $49.10. An inventory taken last week indicates that 31 pairs are still in stock. Calculate the cost of this inventory by FIFO.
Cost of ending inventory
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