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The following information pertains to Julia & Company: March 1 Beginning inventory 30 units @ $5 March 3 Purchased 15 units @ $4 March 9

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The following information pertains to Julia & Company: March 1 Beginning inventory 30 units @ $5 March 3 Purchased 15 units @ $4 March 9 Sold 25 units @ $8 What is the ending inventory balance for Julia & Company assuming that it uses FIFO? Multiple Choice $125. O $100. . O $110. $85. The following information pertains to Julia & Company: March 1 Beginning inventory 30 units @ $5 March 3 Purchased 15 units @ $4 March 9 Sold 25 units @ $8 What is the cost of goods sold for Julia & Company assuming it uses LIFO? Multiple Choice $125. $100. $110. $85

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