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Find Cost of Goods sold and the ending inventory by using FIFO. Flounder Outdoor Stores Inc. uses a perpetual inventory system and has a beginning
Find Cost of Goods sold and the ending inventory by using FIFO.
Flounder Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 148 tents. This consists of 52 tents purchased in February at a cost of $207 each and 96 tents purchased in March at a cost of $223 each. During April, the company had the following purchases and sales of tentsStep by Step Solution
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