Kam Company has the following units and costs: If 9,000 units are on hand at December 31

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Kam Company has the following units and costs:

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If 9,000 units are on hand at December 31 , what is the cost of the ending inventory under FIFO?

(a) $\$ 99,000$

(c) $\$ 113,000$

(b) $\$ 108,000$

(d) $\$ 117,000$

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471169192

1st Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 13, 2024 02:10 AM

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Kam Company has the following units and costs: If 9,000 units are on hand at December 31

Question:

Units Unit Cost Inventory, Jan. 1 8,000 $11 Purchase, June 19 Purchase, Nov. 8 13,000 12 5,000 13

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Financial Accounting Tools For Business Decision Making

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