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Gordon Company has the following data available: Transaction Beginning Inventory March 1 Purchase April 25 Sale June 10 Purchase July 20 Sale October 30
Gordon Company has the following data available: Transaction Beginning Inventory March 1 Purchase April 25 Sale June 10 Purchase July 20 Sale October 30 Purchase December 15 Sale Units Purchased Unit Cost Units Sold 300 $10 230 $12 310 330 $14 220 320 $12 380 If Gordon Company uses a perpetual FIFO inventory system, the cost of ending inventory on December 31 is A. $2,700 B. $9,100 OC. $3,240 OD. $10,920
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Introduction to Financial Accounting
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
11th edition
978-0133251111, 013325111X, 0133251039, 978-0133251036
