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Smart Co. has the following data related to an item of inventory: Inventory, March 1...

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Accounting

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Smart Co. has the following data related to an item of inventory: Inventory, March 1 Purchase, March 7 Purchase, March 16 Inventory, March 31 127 units@ $6.10 344 units@ $8.54 75 units @ $15.86 153 units The value assigned to ending inventory if Smart uses periodic FIFO is

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