A company had the following beginning inventory and purchases during January for a particular item. On January

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A company had the following beginning inventory and purchases during January for a particular item. On January 28, 345 units were sold. What is the cost of the 140 units that remain in the ending inventory, assuming:
a. FIFO
b. Moving weighted average?
Round numbers to the nearest cent. Assume a perpetual inventory system.

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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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