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Mitch Co. had the following Inventory purchases during May: May 5th - 20 units @ $10/each May 12th - 15 units @ $11/each May
Mitch Co. had the following Inventory purchases during May: May 5th - 20 units @ $10/each May 12th - 15 units @ $11/each May 20th - 5 units @ 9/each Mitch Co. uses Specific Identification to assign costs. If Mitch Co. sold all 20 units purchased May 5th, 12 of the units purchased May 12th, and 1 of the units purchased May 20th, what is its Ending Inventory for May?
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Fundamental Accounting Principles Volume 1
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
17th Canadian Edition
1260881326, 9781260881325
