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Assume Noah Co. has the following purchases of inventory during their first month of operations First Purchase: Second Purchase Number of Units 12 47
Assume Noah Co. has the following purchases of inventory during their first month of operations First Purchase: Second Purchase Number of Units 12 47 Cost per unit 2.8 3.0 Assuming Noah Co. sells 39 units at $13 each, what is the ending dollar balance in the inventory account if they use FIFO? 60 QUESTION 3 Assume Ava Co. has the following purchases of inventory during the first month of operations First Purchase Second Purchase Number of Units 120 110 Cost per unit 3.7 $3.9 Assuming Ava Co sells 150 units at $14 each, what is the cost of goods sold if they use LIFO? 466
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