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Required informotion Use the following information for the Quick Study below. (Algo) (5-7) [The following information applies to the questions displayed below] A company reports

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Required informotion Use the following information for the Quick Study below. (Algo) (5-7) [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 420 units. Ending inventory at January 31 totals 170 units. QS 5.5 (Algo) Perpetual: Inventory costing with FIFO LO P1 Required: Assume the perpetual inventory system is used. Determine the cosits assigned to ending inventory when costs are assigned based on the FFO method

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