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Required intormation [ The following informat / on applles to the questions displayed below. ] A company reports the following beginning Inventory and two purchases
Required intormation The following informaton 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. tableUnits,Unit costBeginning inventory on January $Purchase 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 FIFO method. tablePerpetual FIFO:DateGoodspurchased,Cost of Goods Sold,Inventory Balance# of units,tableCost perunittable# ofunitssoldtableCost perunittableCost of GoodsSold# of units,tableCost perunittableInventoryBalanceJanuary January Total January January Total January January Total January
Required intormation
The following informaton 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.
tableUnits,Unit costBeginning inventory on January $Purchase 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 FIFO method.
tablePerpetual FIFO:DateGoodspurchased,Cost of Goods Sold,Inventory Balance# of units,tableCost perunittable# ofunitssoldtableCost perunittableCost of GoodsSold# of units,tableCost perunittableInventoryBalanceJanuary January Total January January Total January January Total January
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