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F A company has the following inventory information and uses the periodic system: June 1 Beginning Inventory 12 units at $2 each June 10
F A company has the following inventory information and uses the periodic system: June 1 Beginning Inventory 12 units at $2 each June 10 June 11 Purchase 16 units at $3 each Sale 9 units June 14 Sale 8 units The company uses the FIFO method of inventory costing. What is the ending merchandise inventory? OA. $21 B. $51 C. $33 OD. $39
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
2nd edition
73396958, 978-0077630461, 77630467, 978-0073396958
