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Inventory 1. If 6,000 units are left at year-end, what is the cost of Ending Inventory under FIFO? Inventory 1/1 Purchase, 6/30 2. Purchase 11/1
Inventory 1. If 6,000 units are left at year-end, what is the cost of Ending Inventory under FIFO? Inventory 1/1 Purchase, 6/30 2. Purchase 11/1 a. $60,000 b. $66,000 c. $71,000 d. $91,000 # of units 000 unit cost 8,000 $10 2,000 $11 5,000 $12 =15,000 :33 6,000 10 = 60,000 2,000 x 11 = 22 5.000 12=6 8 Step by Step Solution
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz, Rhonda Pyper
2nd canadian edition
133025071, 978-0133519761, 133519767, 978-0133523676, 133523675, 978-0133025071
