A sneaker outlet has made the purchase of new running shoes, Financial Management

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A sneaker outlet has made the purchase of new running shoes

A sneaker outlet has made the following purchase of new running shoes: 12 pairs @$45, 18 pairs @ $40, and 20 pairs @ $50. An inventory was taken last week that indicates 23 pairs of shoes are still in stock. Calculate the cost of this inventory by FIFO.

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Financial Management: A sneaker outlet has made the purchase of new running shoes

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Financial Management: A sneaker outlet has made the purchase of new running shoes

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