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thanks in advance Jumba Jookiba Inc. has the following inventory purchases during the fiscal year ended December 31, 2020. Beginning 200 units $55/unit Feb 18
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Jumba Jookiba Inc. has the following inventory purchases during the fiscal year ended December 31, 2020. Beginning 200 units $55/unit Feb 18 450 units $56/unit Apr 30 200 units $57/unit May 18 230 units 10 $58/unit Nov 20 345 units $59/unit Jumba Jookiba Inc. employs the perpetual inventory system and had sales during the year in December of 865 units. 37 Required: 1. Calculate units remaining in ending inventory. 6 2. Calculate the dollar value of ending inventory using (a) FIFO method; (b) Weighted-Average method. 4 2Step by Step Solution
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