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A company has a beginning inventory of 12 units at $13 each on Oct 1. On Oct 5 it purchased 12 units at $14 per
A company has a beginning inventory of 12 units at $13 each on Oct 1. On Oct 5 it purchased 12 units at $14 per unit. On the 12th it purchased 22 units at $15 per unit. On Oct 15, it sold 36 units. Using FIFO periodic inventory method, what is the value of the inventory at Oct 15th after the sale?
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The value of the inventory at Oct 15th after the sale would be 252 ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
