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Any guidance would be great thank you! 19. A company reports the following beginning inventory and two purchases for the month ofJanuary. On January 28,
Any guidance would be great thank you!
19. A company reports the following beginning inventory and two purchases for the month ofJanuary. On January 28, the company sells 350 units. Ending inventory at January 31 totals 140 units. Units Unit Cost Beginning inventory onJanuary 320 5 3.10 Purchase on January 9 70 3.30 Purchase on January 25 100 3.40 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO methodStep by Step Solution
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