Kam Company has the following units and costs. Units Unit Cost Inventory, Jan. 1 8,000 $11 Purchase,

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Kam Company has the following units and costs.

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

AppendixLO1

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Financial Accounting Tools For Business Decision Making

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

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Question Posted: Jul 09, 2024 10:00 AM

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Kam Company has the following units and costs. Units Unit Cost Inventory, Jan. 1 8,000 $11 Purchase,

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Financial Accounting Tools For Business Decision Making

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