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11. A company sells a single product and had the following beginning inventory, purchases, and sales during March. Number of units Price per unit Beginning
11. A company sells a single product and had the following beginning inventory, purchases, and sales during March. Number of units Price per unit Beginning Inventory 75 12 March 6 Sale 70 35 8 Purchase 250 13 10 Sale 80 35 12 Purchase 500 14 30 Sale 450 35 Prepare a schedule to show the cost of goods sold and ending inventory using the FIFO cost flow assumption.
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