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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 250 units. Ending
A company reports the following beginning inventory and two purchases for the month of January. On January 26 , the company sells 250 units. Ending inventory at January 31 totals 130 units. Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method
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