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Inventory records for Eliza Company revealed the following: Number of Date Transaction Units Unit Cost March 1 Beginning Inventory 1,050 $ 7.14 March 10
Inventory records for Eliza Company revealed the following: Number of Date Transaction Units Unit Cost March 1 Beginning Inventory 1,050 $ 7.14 March 10 Purchase 560 7.64 March 16 Purchase 359 8.24 March 23 Purchase 500 8.94 Eliza sold 1,860 units of inventory during the month. Ending inventory assuming FIFO would be:
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Financial Accounting
Authors: David Spiceland, Wayne M. Thomas, Don Herrmann
5th edition
1259914895, 978-1259914898
