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Assume that Shade World uses a perpetual inventory system and the FIFO costing method. Its ending inventory consists of 13 units. Calculate the dollar value
Assume that Shade World uses a perpetual inventory system and the FIFO costing method. Its ending inventory consists of 13 units. Calculate the dollar value of its ending inventory. Oct. 1 Beginning Inventory 10 @ $12 Oct. 9 Purchase 10 @ $15 Oct. 31 Purchase 10 @ $18 Nov. 3 Sale 17 units
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