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28 Beginning inventory @ May 1 The inventory records for Radford Company reflected the following: First purchase @ May 7 Second purchase May 17
28 Beginning inventory @ May 1 The inventory records for Radford Company reflected the following: First purchase @ May 7 Second purchase May 17 100 units @ $4.25 300 units @ $4.65 500 units @ $4.85 Third purchase May 23 Skipped Sales May 31 100 units @ $5.05 900 units @ $8.05 What is the amount of ending inventory assuming the FIFO cost flow method? Multiple Choice $465 $505 $425 $965
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Core concepts of accounting information systems
Authors: Jacob M. Rose, Mark G. Simkin, Carolyn Strand Norman
13th edition
978-1-119-0332, 1118742931, 978-1118742938
