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HELP PLEASE!!!! The following information applies to the questions displayed below) A company reports the following beginning inventory and two purchases for the month of
HELP PLEASE!!!!
The following information applies to the questions displayed below) A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 380 units. Ending inventory at January 31 totals 150 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 340 80 110 Unit Cost $ 3:30 3.50 3.60 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Perpetual FIO Cost of Goods Sold Goods marchased Inventory Halance Date of units Cost per unit M of units sold Cost per cost of Goods unit Sold of units Cost per unit Inventory Balance January 1 January 0.00 Total January January 25 Total January 25 January 20 January 20 Prey gun 6 Next Step by Step Solution
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