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Required : Calculate Cost of Goods Sold and Ending Inventory for January using the FIFO method. Action Ltd. uses a perpetual inventory system. Here is
 Required :- Calculate Cost of Goods Sold and Ending Inventory for January using the FIFO method.
Action Ltd. uses a perpetual inventory system. Here is information for January 2023 Units purchased (UNITS SOLD) Unit Cost Date January 1 opening inventory January 5 January 12 JANUARY 19 January 31. 200 300 300 (500) 100 $2.30 $2.00 $2.50 Total Cost $2.80 $460 $600 $750 $280
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Accounting Volume 1
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian edition
978-013309863, 9780133128338, 013309863X, 133128334, 978-0132690096
