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A )A company has beginning inventory of 11 units at a cost of $11 each on February 1. On February 3, it purchases 21 units

A)A company has beginning inventory of 11 units at a cost of $11 each on February 1. On February 3, it purchases 21 units at $13 each. 14 units are sold on February 5. Using the FIFO periodic inventory method, what is the cost of the 14 units that are sold?

B)If a company uses $1,510 of its cash to purchase supplies, the effect on the accounting equation would be:

C)A company records purchases using the net method. On February 1, they purchased merchandise inventory on account for $8,350 with terms of 1/10, n/30. The February 1 journal entry to record this transaction would include a: (Round your answer to nearest whole dollars.)

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