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Moroni Industries Has the Following Inventory Information

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Moroni Industries has the following inventory information. Moroni 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)  $11,500 B)  $11,520 C)  $33,960 D)  $33,980 Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis?


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