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QUESTION 19 Fulbright Corp. uses the periodic inventory system. During its first year of operations. Fulbright made the following purchases (listed in chronological order of
QUESTION 19 Fulbright Corp. uses the periodic inventory system. During its first year of operations. Fulbright made the following purchases (listed in chronological order of acquisition 40 units at $100 70 units at 580 170 units at $60 Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year, Ending inventory using the FIFO method ist 5600 5650 O 51.000 $707
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