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ABC Company has the following beginning inventory and purchases during the fiscal year ended December 31, 2020: Beginning inventory 400 units $10/unit March 10 200
ABC Company has the following beginning inventory and purchases during the fiscal year ended December 31, 2020: Beginning inventory 400 units $10/unit March 10 200 units 11/unit July 21 300 units 12/unit Oct 5 250 uni 13/unit Dec 15 100 units 14/unit ABC Company has three sales during the period shown below. The units have a selling price of $75.00 per unit: March 28 200 units Oct 31 200 units Dec 20 300 units 7 Ini Assuming a PERPETUAL INVENTORY SYSTEM, calculate the dollar value of the ending inventory using the following method: A. FIFO Method DOLL
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