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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,450 gallons @ $8.10 per gallon $11,745 Purchases: Sales: 690 gals @
Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,450 gallons @ $8.10 per gallon $11,745 Purchases: Sales: 690 gals @ $8.15 890 gals @ $8.20 690 gals @ $8.25 Mar. 10 Mar. 5 490 gals 790 gals Mar. 16 Mar. 14 Mar. 23 Mar. 20 590 gals 790 gals Mar. 26 The ending inventory assuming FIFO is:
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Core Concepts of Accounting
Authors: Cecily A. Raiborn
2nd edition
470499478, 978-0470499474
