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I'm not sure with my answer Lowry Company employs a periodic inventory system and reported the following inventory information for the month of May: May
I'm not sure with my answer
Lowry Company employs a periodic inventory system and reported the following inventory information for the month of May: May 1 May 9 May 17 May 22 May 30 Beginning inventory 3,600 units @ $22 cost per unit Purchased 2,500 units @ $37 cost per unit Purchased 1,500 units @ $14 cost per unit Purchased 2,100 units @ $43 cost per unit Purchased 3,300 units @ $29 cost per unit Lowry Company sold 5,900 units of inventory to customers during the month of May Using the FIFO method, calculate the dollar amount of ending inventory shown on Lowry Company's May 31 balance sheet. 214400
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