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What was ending inventory using the FIFO cost flow assumption? A company has provided the following information about one of its big screen tv's: Date
What was ending inventory using the FIFO cost flow assumption?
A company has provided the following information about one of its big screen tv's: Date Transaction 1/1 Beginning Inventory 5/5 Purchase 8/10 Purchase 10/15 Purchase Number of Units 210 310 410 255 Cost per Unit $ 910 $ 1,010 $ 1,110 $ 1,160 During the year, the company sold 1,025 big screen tv's. What was ending inventory using the FIFO cost flow assumption? Multiple Choice $185,100. $185,600. 0 $165,600 $145,600Step by Step Solution
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