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?

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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?

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The Answer of 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?

Moroni Industries Has the Following Inventory Information