Question: What is the value of closing inventory using FIFO, given the following transaction information? Opening Balance 600 units @$5.20 Sale 300 units @$5.20 Purchase 300

What is the value of closing inventory using FIFO, given the following transaction information?

Opening Balance 600 units @$5.20

Sale 300 units @$5.20

Purchase 300 units @$5.30

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