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J-Two Inc. had the following inventory purchase and sales data. Note: There was no inventory before the purchase made on February 1. Purchased on February
J-Two Inc. had the following inventory purchase and sales data. Note: There was no inventory before the purchase made on February 1. Purchased on February 1 - 200 units at $7/unit Purchased on February 16 - 190 units at $8/unit Purchased on February 25 - 110 units at $4/unit Sold on February 28 - 320 units at $18/unit J-Two Inc. uses FIFO. Compute ENDING INVENTORY as of the end of February. O $1,260 O $1,000 O $2,400 $440 O $1,960 O $3.360 Question 2 Which of the following is NOT a characteristic of Common Stock? O Ownership of the company Voting rights Having a right to dividends after they are paid to Preferred Stockholders O All of these options are characteristics of Common Stock
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