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10 Seved A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 430
10 Seved A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 430 units. Ending inventory at January 31 totals 170 units. Units Osit Cont Part 1 of 3 Beginning inventory on January 1 390 $3.00 Purchase on January 9 Purchase on January 25 90 120 4.00 4.10 2022934 Required: eBook Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. Date Goods purchased Number of Cost per units unit Perpetual FIFO Cost of Goods Sold Inventory Balance Number of units sold Cost per Cost of Goods unit Sold Number of Cost per units Inventory unit Balance January 11 90 a $4.00 January 9 390 at 300 at 90 at $4.00 Total January 9 300.00 $ 360.00 120 $ 4.10 400 at January 25 Total January 25 480 at $4.00 120 at $ 4.10 1,920.00 492.00 $2.412.00 at $ 400- 600 at January 26 430 at $ 4.00 430 at $4.10 1,720.00 Total January 20 1,763.00 $3,483.00 $ 4.10 Help
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