An organic cheese company uses the FIFO method of valuing inventory. As of May 31, the company had sold 160 wheels of organic cheese. Use the FIFO method to find the cost of the 160 wheels sold.

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1. An organic cheese company uses the FIFO method of valuing inventory. As of May 31, the company had sold 160 wheels of organic cheese. Use the FIFO method to find the cost of the 160 wheels sold.