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Logan Company uses a perpetual inventory system on a FIFO basis. Assuming inventory on January 1 was 860 units at $8.30 each. Sold Received Date
Logan Company uses a perpetual inventory system on a FIFO basis. Assuming inventory on January 1 was 860 units at $8.30 each. Sold Received Date Apr. 15 Nov. 12 250 1,930 Cost per unit $5.30 Date Mar. 8 Oct. 5 Quantity 515 215 9.30 What is the cost of ending inventory at the end of October 5? Ending inventory$
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