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Danone North America produces and sells coffee creamer by the gallon. Danone reported the following information for March 2021 March 1, 2021, inventory: 1,650
Danone North America produces and sells coffee creamer by the gallon. Danone reported the following information for March 2021 March 1, 2021, inventory: 1,650 gallons o $8.50 per gallon = $14,025 Purchases: Mar. 10 Sales: 730 gals $8.55 Mar. 5 530 gals Mar. 16 930 gals $8.60 Mar. 14 830 gals Mar. 23 730 gals @ $8.65 Mar. 20 630 gals Mar. 26 830 gals The ending inventory assuming FIFO is: Multiple Choice $10,529
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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
19th edition
1133957919, 978-1285632988, 1285632982, 978-0357691229, 978-1133957911
