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The following lots of Commodity Z were available for sale during the year. Beginning inventory First purchase Second purchase 12 units at $47 17
The following lots of Commodity Z were available for sale during the year. Beginning inventory First purchase Second purchase 12 units at $47 17 units at $55 Third purchase 23 units at $59 15 units at $64 The firm uses thriodic system, and there are 21 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year ording to the FIFO method? Oa. $1,314 Ob. $3,795. Oc. $3.816 Od. $987
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Financial Accounting
Authors: David Spiceland, Wayne Thomas, Don Herrmann
4th edition
1259307956, 978-1259307959
