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Neighborly Industries Has the Following Inventory Information

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Neighborly Industries has the following inventory information. Neighborly Industries has the following inventory information.   Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis? A)  $10,992 B)  $11,022 C)  $23,088 D)  $23,118 Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis?

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