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Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual Inventory system. Determine the cost assigned to the ending
Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual Inventory system. Determine the cost assigned to the ending Inventory using FIFO. Units Sold at Retail Units Acquired at Cost 250 units @ $10 270 units @ $12 Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales 190 units @ $20 150 units @ $13 140 units @ $21 Multiple Choice O $4.230 $3.460 o $4.100 $3.590 O $3.860
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