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The following information pertains to inventory for a company: March 1 Beginning inventory = 32 units@ @ $5.20 March 3 Purchased 16 units@ 3.80 March
The following information pertains to inventory for a company: March 1 Beginning inventory = 32 units@ @ $5.20 March 3 Purchased 16 units@ 3.80 March 9 Sold 27 units@8.70 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 $109 $87 $30 $61 Step by Step Solution
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Frank Woods Business Accounting Volume 2
Authors: Frank Wood, Alan Sangster
13th Edition
1292085053, 9781292085050
