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A company reports the following beginning inventory and two purchases for the month of January, On January 26, the company sells 350 units Ending inventory

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A company reports the following beginning inventory and two purchases for the month of January, On January 26, the company sells 350 units Ending inventory at January 31 totals 150 units Beginning inventory on January 1 Purchase on January Purchase on January 25 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method cost of Goods and Perpetual FIFO: Goods murchased Con Date Cost per cost of Goods Inventory

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