A company purchased 100 units for $30 each on january 31. it purchased 400 units for $20 each on february 28. it sold a total of 470 units for $110 each from march 1 through december 31. if the company uses the last-in, first-out inventory costing method, calculate the amount of ending inventory on december 31. (assume that the company uses a perpetual inventory system.)
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