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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 $7.27 Mar.10 Purchase 530 7.77
Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 1,000 $7.27 Mar.10 Purchase 530 7.77 Mar.16 Purchase Mar.23 Purchase 492 520 8.37 9.07 Marvin sold 1,880 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) O Mutiple Choice $5.905 $1,539 $8,236 $7.270
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