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50 5 points Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned
50 5 points Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to the ending inventory using FIFO. Date Activities May 1 Beginning Inventory 5 Purchase 10 Sales 15 Purchase 01:17:07 24 Sales Units Acquired at Cost Units Sold at Retail 240 units @ $19 265 units @ $21 185 units @ $29 145 units @ $22 135 units @ $30
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