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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 company sells 420 units. Ending inventory at January 31 totals 170 units. Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are ass the FIFO method

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