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Coronado Company’s inventory records show the foll

Coronado Company’s inventory records show the following data: UnitsUnit CostInventory, January 1 10300$940Purchases: June 18 9100700 November 8 6500800A physical inventory on December 31 shows 3600 units on hand Coronado sells the units for $13 each The company has an effective tax rate of 22% Coronado uses the periodic inventory methodUnder the FIFO method, the December 31 inventory is valued at

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