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Sekhon Company had a beginning inventory on January 1 of 160 units of Product 4-18-15 at a cost of $20 per unit. During the year,
Sekhon Company had a beginning inventory on January 1 of 160 units of Product 4-18-15 at a cost of $20 per unit. During the year, purchases were as follows. Mar. 15 July 20 (a) (b1) (b2) 400 units (c) 250 units at at $23 $28 Sept. 4 Dec. 2 330 units Sekhon Company uses a periodic inventory system. Sales totaled 1,000 units. 100 units at $33 results in the highest inventory amount, $ at $30 Which cost flow method results in the highest inventory amount for the balance sheet? The highest cost of goods sold for the income statement? produces the highest cost of goods sold, $
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