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The Blossom Shop shows the following data related to an item of inventory: Inventory, January...

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Accounting

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The Blossom Shop shows the following data related to an item of inventory: Inventory, January 1 Purchase, January 9 Purchase, January 19 Inventory, January 31 340 units @ $6.00 B80 units @ $6.50 250 units @ $7.00 340 units What value should be assigned to the ending inventory using FIFO? Value assigned to the ending inventory $

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