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Mars: Mars purchased 100,000 units of inventory for $2,000,000 on January 1, 20X1. During the year, 80,000 units were sold. Utilizing the FIFO inventory costing
- Mars: Mars purchased 100,000 units of inventory for $2,000,000 on January 1, 20X1. During the year, 80,000 units were sold. Utilizing the FIFO inventory costing method, compute the ending inventory value as of December 31, 20X1, 20X2, and 20X3.
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
