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Please show caclulations 22. ACME Grommet sells reinforced eyelets and has been in business since 2012. The exhibit below provides relevant data and financial statement
Please show caclulations
22. ACME Grommet sells reinforced eyelets and has been in business since 2012. The exhibit below provides relevant data and financial statement information about ACME's inventory purchases and sales of inventory for the last year. Units Unit Price Beginning Inventory 699 $5.00 Purchases 710 $8.00 Sales 806 $15.00 SGA Expenses $3,141 per annum 24. Based on the information provided in Question 22, the ending inventory value in dollars using the FIFO method is closest to: A) $4,824. B) $6,160. C) $4,582Step by Step Solution
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