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Calculate the cost of the ending inventory

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Question - In its first month of operations, Crane Company made three purchases of merchandise in the following sequence: 200 units at $13; 250 units at $12; and 300 units at $11. There are 420 units on hand at the end of the period. Crane uses a periodic inventory system. Calculate the cost of the ending inventory and cost of goods sold under FIFO.

Reference no: EM132884845

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