A company reports the following beginning inventory and purchases for January. On January 26, 345 units were

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A company reports the following beginning inventory and purchases for January. On January 26, 345 units were sold. What is the cost of the 140 units that remain in ending inventory, assuming costs are assigned based on

(a) FIFO,

(b) LIFO, and

(c) weighted average? (Round unit costs to the nearest cent.) l02

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Financial Accounting Information For Decisions

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Authors: John J Wild

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A company reports the following beginning inventory and purchases for January. On January 26, 345 units were

Question:

Units Unit Cost Beginning inventory on January I 310 $3.00 Purchase on January 9 .... 75 3.20 Purchase on January 25 100 3.35

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Financial Accounting Information For Decisions

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