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! Required information [ The following information applies to the questions displayed below. ] In its first month of operations, Literacy for the Illiterate opened
Required information
The following information applies to the questions displayed below.
In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought
merchandise in the following order: units at $ on January units at $ on
January and units at $ on January
Assuming units are on hand at the end of the month, calculate the cost of goods available for sale, ending
inventory, and cost of goods sold under FIFO. Assume a periodic inventory system is used. Round "Cost per Unit"
to decimal places.
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