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Determine ending inventory and cost of goods sold under FIFO using perpetual inventory system Timmons Company had a beginning inventory on January 1 of 100
Determine ending inventory and cost of goods sold under FIFO using perpetual inventory system
Timmons Company had a beginning inventory on January 1 of 100 units of Product SXL at a cost of $20 per unit. During the year, purchases were: Date Units Unit cost Mar. 15 300 $23 July 20 250 $25 Sept. 4 350 $28 Dec. 2 100 $30 Timmons Company sold 800 units on 21 August Step by Step Solution
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