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Required information [The following information applies to the questions displayed below.] A company reports the following beginning inventory and two purchases for the month of

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Required information [The following information applies to the questions displayed below.] A company reports the following beginning inventory and two purchases for the month of January. On January 26 , the company sells 260 units. Ending inventory at January 31 totals 120 units. quired: sume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on FIFO method

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