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5S.Use this information to answer the following question. Jan. 1 Inventory 15 units @ $4.80 8 Purchase 60 units @ $4.40 17 Purchase 30
5S.Use this information to answer the following question. Jan. 1 Inventory 15 units @ $4.80 8 Purchase 60 units @ $4.40 17 Purchase 30 units @ $4.20 25 Purchase 45 units @ $4.00 Total sales 100 units Assuming that a periodic inventory system is used, what is the cost assigned to ending inventory under FIFO? Oa. $441 O b. $416 Oc $201 d. $226 e. $480
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
6th edition
78025761, 978-0078025761
