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Question(s) / Instruction(s):

The beginning inventory consisted of 300 widgets costing $40 each. During the period, the company purchased two batches of goods--700 widgets early in the month at $44 each and 800 widgets near the end of the month at $50. Sales for the month totaled 1,600 widgets. All widgets were sold for $75 each.   What is the Ending inventory value using the FIFO method? 

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