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ZARA uses a First-In-First-Out (FIFO) perpetual inventory system and has the following purchases and sales: February 10 February 16 50 units were purchased at
ZARA uses a First-In-First-Out (FIFO) perpetual inventory system and has the following purchases and sales: February 10 February 16 50 units were purchased at $34 per unit. 75 units were purchased at $55 per unit. What is the cost per unit sold assuming that 22 units were sold on February 29?
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
5th Canadian edition
9781259105692, 978-1259103285
