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A company had the following purchases during its first year of operations: Purchases Sales January 6 units at $ 13 May 25 units at
A company had the following purchases during its first year of operations: Purchases Sales January 6 units at $ 13 May 25 units at $ 16 September 24 units at $ 19 October 14 units at $40 Assuming that the company uses the First In First Out (FIFO) as their inventory valuation method. What is the value of their ending inventory as of October?
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
