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Compute the cost of the ending inventory under FIFO

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Question - Kam Company uses a periodic inventory system and has the following:

Units Unit Cost

Inventory, Jan 1. 8000 $11

Purchase, June 19. 13000 $12

Purchase, Nov 8. 5000 $13

If 9,000 units are on hand at December 31, compute the cost of the ending inventory under FIFO? Please explain and show your work.

Reference no: EM132683122

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