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During the year, ABC Inc determined ending inventory and COGS under FIFO cost flow and periodic inventory method. Other information available is as follows: Unit
During the year, ABC Inc determined ending inventory and COGS under FIFO cost flow and periodic inventory method. Other information available is as follows: Unit Unit Cost 100 $5 Beginning inventory Purchase, January 12 Purchase, August 25 200 $6 150 $7 Ending inventory 200 What is the value of ending inventory: Select one a. 1450 b. 1350 C. 2700 d. 1400
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