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Lily Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $620 each. On January
Lily Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $620 each. On January 10, Lily purchased 6 units at $690 each. The company sold 2 units on January 8 and 5 units on January 15. (a) Compute the ending inventory under FIFO. The ending inventory $ FIFO
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Core concepts of accounting information systems
Authors: Jacob M. Rose, Mark G. Simkin, Carolyn Strand Norman
13th edition
978-1-119-0332, 1118742931, 978-1118742938
