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Blossom has the following inventory data: July 1 Beginning inventory 59 units at $ 142 5 Purchases 354 units at $ 132 14 Sale 236
Blossom has the following inventory data:
| July 1 | Beginning inventory | 59 units at $142 | ||
| 5 | Purchases | 354 units at $132 | ||
| 14 | Sale | 236 units | ||
| 21 | Purchases | 177 units at $136 | ||
| 30 | Sale | 165 units |
Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis?
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Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
15th Edition
978-0840037039, 0840037031
