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Coronado company begins with an inventory of 2 0 4 0 December 3 purchased 4 8 0 0 units of inventory on account at a
Coronado company begins with an inventory of December purchased units of inventory on account at a cost of per unit sold units of inventory on account for per unit Coronado sold of the units and of the granted the December customer credit for units of inventory returned costing these units were returned to inventory th purchased units of inventory for cash at each on the nd sold units of inventory on account for per unit Coronado sold of the units. Compute ending inventory and cost of good sold under FIFO assuming Coronado company uses the periodic inventory system.
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