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11) Samson, Inc. had the following balances and transactions during 2019: Beginning Merchandise Inventory March 10 June 10 October 30 15 units at $91
11) Samson, Inc. had the following balances and transactions during 2019: Beginning Merchandise Inventory March 10 June 10 October 30 15 units at $91 Sold 12 units Purchased 45 units at $96 Sold 40 units What is the balance of the company's Merchandise Inventory, as disclosed in the December 31, 2019 balance sheet as per the periodic FIFO Inventory costing method? A) $768 B) $1365 C) $480 D) $455
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Financial Accounting
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice
10th edition
324645570, 978-0324645576
