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Consider the following inventory records for Emoji Corporation: Date Transaction Number of Units Unit Cost Feb. 1 Beginning inventory 400 $ 2.50 Feb. 19 Purchase
Consider the following inventory records for Emoji Corporation: Date Transaction Number of Units Unit Cost Feb. 1 Beginning inventory 400 $ 2.50 Feb. 19 Purchase 430 2.67 The company sold 600 units of inventory during the month. Calculate ending inventory assuming the company uses FIFO. (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $1,068 $575 $1,000 $614
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