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In its first month of operations, Oriole Company made three purchases of merchandise in the following sequence: 200 units at $10; 250 units at $9;
In its first month of operations, Oriole Company made three purchases of merchandise in the following sequence: 200 units at $10; 250 units at $9; and 300 units at $8. There are 440 units on hand at the end of the period. Oriole uses a periodic inventory system. Calculate the cost of the ending inventory and cost of goods sold under FIFO. 
Question 9 In its first month of operations, Oriole Company made three purchases of merchandise in the following sequence: 200 units at $10; 250 units at $9; and 30 units at $8. There are 440 units on hand at the end of the period. Oriole uses a periodic inventory system. (a) Calculate the cost of the ending inventory and cost of goods sold under FIFO. FIFO Ending inventory Cost of goods sold LINK TO TEKT
In its first month of operations, Oriole Company made three purchases of merchandise in the following sequence: 200 units at $10; 250 units at $9; and 300 units at $8. There are 440 units on hand at the end of the period. Oriole uses a periodic inventory system.
Calculate the cost of the ending inventory and cost of goods sold under FIFO.
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