Question: Unit Unit Cost Beginning inventory 14 $55 First purchase 28 60 Second purchase 33 65 Third purchase 15 70 The firm uses the periodic inventory

Unit Unit Cost
Beginning inventory 14 $55
First purchase 28 60
Second purchase 33 65
Third purchase 15 70

The firm uses the periodic inventory system. During the year, 60 units of the item were sold.

The value of ending inventory using FIFO is

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