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A company began January with 4,000 units of its principal product. The cost of each unit is $7. Inventory transactions for the month of January

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A company began January with 4,000 units of its principal product. The cost of each unit is $7. Inventory transactions for the month of January are as follows. - Includes purchase price and cost of freight. 5.000 units were on hand at the end of the month. Required: 1. Calculate January's ending inventory and cost of goods sold for the month using FiFO, penodic system

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