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Determine what ending inventory under fifo cost flow

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Point 1: Sales during the year were 500 units. Beginning inventory was 250 units at a cost of $5 per unit. Purchase 1 was 400 units at $6 per unit. Purchase 2 was 200 units at $7 per unit.

Question 1: Determine what Ending inventory under the FIFO cost flow assumption (using a periodic inventory system) was

Reference no: EM132475897

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