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In its first month of operations, Literacy for the lliterate opened a new bookstore and bought merchandise in the following order: ( 1 ) 3
In its first month of operations, Literacy for the lliterate opened a new bookstore and bought merchandise in the following order: units at $ on January units at $ on January and units at $ on January Assume units are on hand at the end of the month.
Required:
Calculate the cost of goods available for sale, cost of goods sold, and ending inventory under the FIFO. Assume perpetual inventory system and sold units between January and January Round your intermediate calculations to decimal places.
tableFIFOGoods Available for Sale,Cost of Goods Sold,Ending Inventory,
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