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Marlin Co. uses a periodic inventory system with the specific identification method of cost assignment. Inventory purchases for the month of August were: Date
Marlin Co. uses a periodic inventory system with the specific identification method of cost assignment. Inventory purchases for the month of August were: Date Units Unit Cost $ Beginning Inventory 1-Aug 2000 8.00 Purchase 8-Aug 1000 10.00 Purchase 16-Aug 1500 12.00 Purchase 27-Aug 1300 11.00 On 24 August 1 200 units from beginning inventory and 1 000 units from the 16 August purchase were sold. What was the value of ending inventory at 31 August?
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
5th Canadian edition
9781259105692, 978-1259103285
