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Determine the amount that would be reported in ending merchandise inventory on November 15 using the FIFO method... Boxes under total cost were cut off,
Determine the amount that would be reported in ending merchandise inventory on November 15 using the FIFO method... Boxes under total cost were cut off, please input these values still
Requirement 1 Determine the amount that would be reported in ending merchandise inventory on November 5 using e FIFO nventory costing method. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter all amounts to the nearest cent, $X.XX. Enter the oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand Unit Total UnitTotal Unit Total Date QuantityCostCo Quatity Cost Cost QuantityCost Cost Nov. 2 13 14 Enter any number in the edit fields and then continue to the nextStep by Step Solution
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