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Question 2 (3 points) X Company had the following purchases and sales of merchandise inventory for the month: January 1: purchased te units at $120

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Question 2 (3 points) X Company had the following purchases and sales of merchandise inventory for the month: January 1: purchased te units at $120 January 15 purchased 20 units at $140 January 25 sold 20 units at retail price of $150 Using the FIFO method, the cost of the ending Inventory on January 31 is Blank 1

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