Question
Inventory data for Stranger Things Company for January 2023 are as follows: January 1 balance 80 units at $25 100 units at $28 January
Inventory data for Stranger Things Company for January 2023 are as follows: January 1 balance 80 units at $25 100 units at $28 January 10 purchase January 15 sale 120 units 90 units at $32 January 21 purchase January 28 sale 110 units Required 1. Using FIFO, compute ending inventory as of January 31, 2023, and determine cost of goods sold for January.
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
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