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What is the value of inventory at february

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Reference no: EM132566292

An inventory record card shows the following details.

February 1: 50 units in stock at a cost of $40 per unit

7: 100 units purchased at a cost of $45 per unit

14: 80 units sold

21: 50 units purchased at a cost of $50 per unit

28: 60 units sold

Question 1: What is the value of inventory at 28 February using the FIFO method?

Reference no: EM132566292

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