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On May 1 , Ivanhoe Company had 440 units of inventory on hand, at a cost of $4.00 each. The company uses a perpetual inventory
On May 1 , Ivanhoe Company had 440 units of inventory on hand, at a cost of $4.00 each. The company uses a perpetual inventory system. All purchases and sales are on account. A record of inventory transactions for the month of May for the company is as follows: (a) Calculate the cost of goods sold and ending inventory using FIFO
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Financial Accounting For Decision Makers
Authors: Dr Peter Atrill, Eddie Mclaney, Sin Autor
5th Edition
1405888210, 9781405888219
