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Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 1,000 $ 7.26 Mar. 10 Purchase
Inventory records for Marvin Company revealed the following:
| Date | Transaction | Number of Units | Unit Cost | |||||
| Mar. | 1 | Beginning inventory | 1,000 | $ | 7.26 | |||
| Mar. | 10 | Purchase | 540 | 7.71 | ||||
| Mar. | 16 | Purchase | 760 | 8.14 | ||||
| Mar. | 23 | Purchase | 590 | 8.54 | ||||
Marvin sold 1,910 units of inventory during the month. Cost of goods sold assuming FIFO would be:
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Study On The Auditing System Of Socialism With Chinese Characteristics
Authors: Jiayi Liu
1st Edition
111932470X, 978-1119324706
