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Question :
Tomasino's inventory records show the following data at January 31:
Beginning inventory Jan. 1 90 units at $8 per unit
Jan. 10 purchase 320 units at $11 per unit
Jan. 22 purchase 130 units at $12 per unit
At January 31, 190 units are still on hand. What is the cost of the ending inventory at January 31 if Tomasino uses the FIFO method?
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