Question: Question 11 (1 point) ABC Co, Ltd. sells only one product. At the beginning of the year, ABC. Co. had 10000 units of inventory at

Question 11 (1 point) ABC Co, Ltd. sells only one product.

Question 11 (1 point) ABC Co, Ltd. sells only one product. At the beginning of the year, ABC. Co. had 10000 units of inventory at $ 5 per unit. During the year, ABC Co. Ltd. purchased 82000 units of product at $ 10 per unit. During the year ABC. Co. Ltd. sold 27500 of product at $ 22 per unit. How much is the total value of inventory at the end of the year if ABC. Co. Ltd. uses the FIFO method of inventory valuation in a periodic system? Your

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