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Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 1,080 $7.19 Mar. 10 Purchase 570
Inventory records for Marvin Company revealed the following:
Date | Transaction | Number of Units | Unit Cost |
Mar. 1 | Beginning inventory | 1,080 | $7.19 |
Mar. 10 | Purchase | 570 | 7.69 |
Mar. 16 | Purchase | 425 | 8.29 |
Mar. 23 | Purchase | 510 | 8.99 |
Marvin sold 1,930 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):
$1,482
$5,787
$9,118
$7,765
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