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The Boxwood Company sells blankets for $ 34.00 each. The following was taken from the inventory records during May. The company had no beginning inventory
The Boxwood Company sells blankets for $ 34.00 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date Blankets Units Cost May 03 Purchase 10 $14.00 May 10 Sale 3 Purchase 14 $15.00 May 20 Sale 6 May 23 Sale 2 May 30 Purchase 9 $21.00 Assuming that the company uses the perpetual inventory system, determine the ending inventory value for the month of May using the FIFO inventory cost method. Select the correct answer. $330.00 ste200 535400 5306.00
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