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The following information pertains to the Fan Companys inventory item B1008: March Units Price Sold 1 Inventory Balance 400 $ 3.10 5 Purchase 1,400 $
The following information pertains to the Fan Companys inventory item B1008:
March | Units | Price Sold | ||||||
1 | Inventory Balance | 400 | $ | 3.10 | ||||
5 | Purchase | 1,400 | $ | 3.20 | ||||
14 | Purchase | 280 | $ | 3.25 | ||||
31 | Inventory Balance | 520 | ||||||
A) In a periodic inventory system, the LIFO cost of goods sold is
B) In a periodic inventory system, the ending LIFO inventory is
C) In a periodic inventory system, the FIFO cost of goods sold is
D) In a periodic inventory system, the ending FIFO inventory is
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