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Business, 15.07.2020 04:01 correafelix7
The units of an item available for sale during the year were as follows:
Jan. 1 Inventory 25 units at $45
Mar.4 Purchase 15 units at $50
June 7 Purchase 35 units at $58
Nov. 15 Purchase 20 units at $65
There are 30 units of the item in physical inventory at December 31. The periodic inventory system is used.
Determine the ending inventory cost using FIFO.
$
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The units of an item available for sale during the year were as follows:
Jan. 1 Inventory 25 units...
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