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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,750 gallons @ $8.70 per gallon = $15,225 Purchases: Sales: Mar. 10
Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,750 gallons @ $8.70 per gallon = $15,225 Purchases: Sales: Mar. 10 750 gals @ $8.75 Mar. 5 550 gals Mar. 16 950 gals @ $8.80 Mar. 14 850 gals Mar. 23 750 gals @ $8.85 Mar. 20 650 gals Mar. 26 850 gals The ending inventory assuming FIFO is: Multiple Choice $11,478. $11,418. $11,398. $11,388.
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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
4th Edition
978-0730302414, 0730302415
