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A company's inventory records indicate the following data for the month of January: Jan 1 beginning 180 units at $9 each Jan 5 purchased 170
A company's inventory records indicate the following data for the month of January:
Jan 1 beginning 180 units at $9 each
Jan 5 purchased 170 units at $10 each
Jan 9 sold 300 units at $35 each
If the company uses the "First-in, First-out" perpetual inventory system, what would be the cost of the ending inventory?
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Financial Accounting
Authors: Walter B. Meigs, A. N. Mosich, Robert F. Meigs
2nd Edition
0070412901, 978-0070412903
