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Assume your company has the following inventory records: January 1 balance, 500 units @ $55 per unit Purchases January 10: 500 units @ $60 per
Assume your company has the following inventory records: January 1 balance, 500 units @ $55 per unit Purchases January 10: 500 units @ $60 per unit January 20:1.000 units @ $63 per unit Sales: January 12: 800 units January 28: 750 units Find the value of ending Inventory as of January 31, assuming the company uses FIFO periodic. 26,750 28.350 92.150 9:1750
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
3rd edition
978-0078025549
