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Smith Corporation has the following information for its inventory for the month of November, 2020. ho 11/5 Date Description Quantity Price 11/1 Beginning 2.000 $5.30
Smith Corporation has the following information for its inventory for the month of November, 2020. ho 11/5 Date Description Quantity Price 11/1 Beginning 2.000 $5.30 Sold 500 $12.00 11/10 Purchase 6,000 $5.40 11/15 Purchase 1,500 $5.60 11/20 Sold 7,000 $12.50 11/28 Purchase 1,000 $5.80 Smith Corporation uses the perpetual inventory system. Determine COGS and Ending Inventory for November, 2020 using FIFO. Show all of your work and clearly label your
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