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A company has provided the following information about one of its big screen tv's: Number Date 1/1 5/5 Purchase Transaction of Units Cost per
A company has provided the following information about one of its big screen tv's: Number Date 1/1 5/5 Purchase Transaction of Units Cost per Unit Beginning Inventory 290 $ 990 390 $ 1,090 8/10 Purchase 10/15 Purchase 490 $ 1,190 295 $ 1,240 During the year, the company sold 1,225 big screen tv's. What was ending inventory using the FIFO cost flow assumption? Multiple Choice $237,500. $257,600. $297,100. $297,600.
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