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The following information has been exracel fromtherecords of Ca Steaks about one of its products. Cason Steiks usestheperpetuals Urits Unitcost Jan 1 Beginning balance 8.00
The following information has been exracel fromtherecords of Ca Steaks about one of its products. Cason Steiks usestheperpetuals Urits Unitcost Jan 1 Beginning balance 8.00 70.00 Jan 6 Purchase 3.00 70.50 Feb 5 Sale 10000 Mar 5 Purchase 11,000 73.50 Mar 8 Purchase return 800 73.50 Apr 10 Sale 7.000 Apr 30 Sale return 300 If the FIFO Cost flow method is usedwhatisthe cost of the invento 30
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