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The following information pertains to inventory for a company: March 1 Beginning inventory =32 units @ $5.80 March 3 Purchased 17 units @ 4.10 March
The following information pertains to inventory for a company: March 1 Beginning inventory =32 units @ $5.80 March 3 Purchased 17 units @ 4.10 March 9 Sold 27 units @ 8.80 What is the ending inventory balance, assuming the company uses FIFO? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $70 $62 $128 $99 Step by Step Solution
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Management Accounting Text Problems And Cases
Authors: M. Y. Khan, P K Jain
7th Edition
9352606787, 978-9352606788
