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Indigo Corporation reports the following inventory data for the month of January: A physical inventory count determined that there were 1,550 units on hand at
Indigo Corporation reports the following inventory data for the month of January: A physical inventory count determined that there were 1,550 units on hand at the end of January. (a) Calculate the cost of the ending inventory and cost of goods sold under FIFO, assuming Indigo uses a periodic inventory system. Cost of ending inventory $ Cost of goods sold
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