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What is amount of the ending inventory using FIFO method

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Question - AAA Company uses a periodic inventory system and has the following information regarding its inventory:

Beginning inventory 250 units @ 20 $5,000

Purchase on January 25 350 units @ 21 7,350

Purchase on March 15 250 units @ 22 5,500

Purchase on October 2 450 units @ 23 10,350

Goods available for sale $28,200

There are 650 units in ending inventory. What is the amount of the ending inventory using the FIFO method?

Reference no: EM133138557

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