Question: A firm using the FIFO inventory accounting method has beginning inventory of 3 0 0 units at a cost of $ 1 5 each. During

A firm using the FIFO inventory accounting method has beginning inventory of 300 units at a cost of $15 each. During the period the firm produced 700 units at a cost of $17 each. If the firm sold 800 units during the period, what is the value of ending inventory?
Multiple choice question.
$3,400
$13,000
$3,000
$13,400

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