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Inventory records for Marvin Company revealed the following: Date Transaction Mar. 1 Beginning inventory Mar. 10 Purchase Mar.16 Purchase Mar. 23 Purchase Number of Units
Inventory records for Marvin Company revealed the following: Date Transaction Mar. 1 Beginning inventory Mar. 10 Purchase Mar.16 Purchase Mar. 23 Purchase Number of Units 1,030 510 448 520 Unit Cost $7.17 7.67 8.27 8.97 Marvin sold 1.850 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.) Multiple Choice o $7,385 $1,451 O $5,737 O $5,806
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