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The following transactions occurred for company A related to inventory purchases and sales: January 1- Beginning inventory of 200 units at a cost of $24/unit

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The following transactions occurred for company A related to inventory purchases and sales: January 1- Beginning inventory of 200 units at a cost of $24/unit January 10- Purchased 50 units costing $25/unit January 22- Sold 40 units January 28- Purchased 60 units at $27/unit Record answers to the following questions: (show work for partial credit) a. What was Cost of Goods Sold for January using a FIFO accounting treatment? b. How many units of goods were in ending inventory at the end of January? provide a quantity, not $ value c. What was the value $ of ending inventory at the end of January using a FIFO accounting treatment? d. Would Cost of Goods Sold have been higher or lower if the company used a LIFO treatment instead

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