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Calculate the ending inventory balance for march

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Saunder Company uses the perpetual inventory system. The following information is available for the month of May:

May 1 Beginning inventory 5 units          @ $8

10 Purchase 20 units                             @ $12

15 Sales 15 units

18 Purchase 10 units                                @ $14

21 Sales 9 units

Required:

Problem A) Using FIFO method of inventory, calculate the ending inventory balance and the cost of goods sold for March.

Reference no: EM132617982

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