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**** Inventory Valuation: If a company uses the FIFO (First-In-First-Out) method for...

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Accounting

****
Inventory Valuation:
If a company uses the FIFO (First-In-First-Out) method for inventory valuation and purchases 100 units at $5 each, then purchases 200 more units at $6 each, what is the value of ending inventory if 150 units are sold?
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