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Any Company uses the periodic Inventory system to account for inventories. Information related to Amy Company s inventory at October 31 is given below October
Any Company uses the periodic Inventory system to account for inventories. Information related to Amy Company s inventory at October 31 is given below October 400 units X $9.90 1- Beginning inventory 8 Purchase $3.960 810 units X $10.30 - 8,343 16 Purchase 595 units X S1100- 6,545 24 Purchase 200 units X $1180 2,360 Total units and cost 2005 units $21208 $21.208 (a) * Your answer is incorrect Value the ending inventory using the FIFO cost assumption if 500 units remain on hand at October 31. (Round answer too decimal places, es 5275) Ending Inventory $ 4990
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