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Marigold Limited uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts for items [1] to [18] in the following
Marigold Limited uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts for items [1] to [18] in the following perpetual inventory schedule:
6 9 12 [7]\$ 14 [8]\$ 14 [13] $11$121 [4] [5]\$ [6]\$ [10] [11]$ [12] \$ [14] [15] \$ [16] [17]\$\$ [18]\$ \begin{tabular}{|l|ccc|c|} \hline Cost of Goods Sold & & & Balance \\ \hline & Total & Units & Cost \\ \hline & & & 12 & $25 \end{tabular} [2] [3]\$ [4] [5] $ [9]\$ [10] [11]\$ [14] [15]\$ [16] [17]$ [18]$Step by Step Solution
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