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! Required information [ The following information applles to the questions displayed below ] A company reports the following beginning inventory and two purchases for
Required information
The following information applles to the questions displayed below
A company reports the following beginning inventory and two purchases for the month of January. On January the company sells units. Ending inventory at January totals units.
tableBegining inventory on January Units,Unit costPurchase on January Purchase on January
Required:
Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FFO method.
tablePerpetual,FIFO:,,,Goods PIrchased,,ost of Gods sold,,nton Balla,Date# of units,tableCost perunittable#ofunitssoldtableCost perunittableCost of GoodsSold# of units,tableCost perUnittableInventoryBalanceJanuary January Total January AJanuary Total January Janusry Total January Lallunder,,,
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