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Assume the company uses, FIFO, LIFO, and what are the cost of goods sold? u00 and $600 e. $1,500 and $600 Use the following information
Assume the company uses, FIFO, LIFO, and what are the cost of goods sold?
u00 and $600 e. $1,500 and $600 Use the following information to answer questions 8-10 On December 31, 2002, the Italian Pasta Company's ending in ags of fettuccine at a cost of $0.75 per b Company purchased and sold additional bags of fettuccine. additional information. ta Company's ending inventory consisted of 100 ag. Throughout January 2003, the Italian Pasta Refer to the table below for Date Acquired Or Sold 10-Jan-03 Purchase 200 15-Jan-03 Sale 18-Jan-03 Purchase 400 Cost per Bag $0.80 $1.50 $0.65 $0.70 $1.50 Transaction Total $160.00 $150.00 $260.00 $105.00 $825.00 Transaction Quantity 100 25-Jan-03 Purchase 150 550 31-Jan-03 Sale .How many bags of fettuccine should the Italian Past Co. have on hand at January 003? a.) 100
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