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Required information Skip to question [ The following information applies to the questions displayed below. ] A company began January with 4 , 0 0
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The following information applies to the questions displayed below.
A company began January with units of its principal product. The cost of each unit is $ Inventory transactions for the month of January are as follows:
Date of Purchase Purchases
Units Unit CostFootnote asterisk Total Cost
January $ $
January
Totals $
Footnote asterisk Includes purchase price and cost of freight.
Sales
Date of Sale Units
January
January
January
Total
units were on hand at the end of the month.
Required:
Calculate January's ending inventory and cost of goods sold for the month using FIFO, periodic system. Required information
The following information appiles to the questions displaved below?
A company began January with units of its principal product. The cost of each unit is $ Inventory transactions for
the month of January are as follows:
Includes purchase price and cost of freight
units were on hand at the end of the month.
Required:
Calculate January's ending inventory and cost of goods sold for the month using FIFO, periodic system.
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