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The following information pertains to Julia & Company March 1 Beginning inventory March 3 Purchased 20 units 34 units $5.80 3.50 March 9 Sold
The following information pertains to Julia & Company March 1 Beginning inventory March 3 Purchased 20 units 34 units $5.80 3.50 March 9 Sold 25 units 8 8.40 251 What is the ending inventory balance for Julia & Company assuming that it uses FIFO? (Do not round your intermediate calculations. Round your answer to the nearest Multiple Choice $168 $70. $145 $122.
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
6th edition
78025761, 978-0078025761
