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For the current month, Buy n Large's beginning inventory included 1,200 units costing $12 per unit. During the month, Buy n Large made two purchases:
For the current month, Buy n Large's beginning inventory included 1,200 units costing $12 per unit. During the month, Buy n Large made two purchases: 500 units at $13 per unit, and 2,000 units at $13.50 per unit. Buy n Large also sold 2,150 units during the same month. Buy n Large uses the periodic inventory system. Can you determine the ending inventory with the First-In First-Out (FIFO) method? $20,073 $18,600 $20,925 Ending inventory cannot be determined using the FIFO method
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