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18 Use the following information for questions 17 and 18 : Nguyen Liquids Unlimited ended April with 1,000 gallons of inventory which was purchased for
18
Use the following information for questions 17 and 18 : Nguyen Liquids Unlimited ended April with 1,000 gallons of inventory which was purchased for $7.00 per gallon. During, May, the company sold 2,300 gallons on inventory and had the following purchases: The ending inventory under a periodic inventory system assuming average cost is: $5,057.50 $5,087.00 $5,040.00 $4,900.00Step by Step Solution
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