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RJ Corporation has provided the following information about one of its inventory items: Number of Cost per Date Transaction Units Unit 1/1 Beginning Inventory
RJ Corporation has provided the following information about one of its inventory items: Number of Cost per Date Transaction Units Unit 1/1 Beginning Inventory 403 $3,230 6/6 Purchase 803 $3,630 9/10 Purchase 1,203 $4,030 11/15 Purchase 803 $4,185 During the year, RJ sold 2,985 units. What was ending inventory using the FIFO cost flow assumption? Multiple Choice $949,995. $1,006,291. $733,210. $1,097,772.
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