Question 2 The following information is used for Questions 1-6. 0 out of 10 points Quiz...
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Question 2 The following information is used for Questions 1-6. 0 out of 10 points Quiz Company reported the following transactions for its major inventory item. Date Unit Unit S cost Nov Invent 3,00 $6.90 1 ory 0 Nov Purch 6,00 7.20 3 ase 0 Nov Sales 4,00 5 0 Nov Purch 5,00 7.50 13 ase 0 Nov Sales 9,00 20 0 Nov Purch 11,0 7.66 22 ase 00 Nov Sales 9,00 28 0 Nov Purch 6,00 7.80 30 ase 0 Compute the ending inventory balance as of November 30 using the first-in, first-out (FIFO) method (periodic inventory system). Give your answer with dollar signs and commas but no cents (decimal points). Example: $1,234 Selected Answer: $69,000 Question 2 The following information is used for Questions 1-6. 0 out of 10 points Quiz Company reported the following transactions for its major inventory item. Date Unit Unit S cost Nov Invent 3,00 $6.90 1 ory 0 Nov Purch 6,00 7.20 3 ase 0 Nov Sales 4,00 5 0 Nov Purch 5,00 7.50 13 ase 0 Nov Sales 9,00 20 0 Nov Purch 11,0 7.66 22 ase 00 Nov Sales 9,00 28 0 Nov Purch 6,00 7.80 30 ase 0 Compute the ending inventory balance as of November 30 using the first-in, first-out (FIFO) method (periodic inventory system). Give your answer with dollar signs and commas but no cents (decimal points). Example: $1,234 Selected Answer: $69,000
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