Quantity
The following information relates to inventory for Cosmo Inc.
Date
Quantity
Price
March
1
Beginning Inventory
20
$
2
March
7
Purchase
15
3
March
11
Sale
25
7
March
12
Purchase
20
4
At what amount would Shoeless report ending inventory using FIFO cost flow assumptions?
Group of answer choices
$55
$170
$110
$70
Answers: 3
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Answers: 2
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