A company just starting business had the following transactions in June: Purchase June...
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Accounting
A company just starting business had the following transactions in June:
Purchase June units @ $
Sale June units @ $
Purchase June units @ $
Purchase June units @ $
Sale June units @ $
Purchase June units @ $
A physical count of merchandise inventory on June reveals that there are units on hand. Assume that no returns occurred during the month and no discounts were given.
Using the periodic inventory method calculate Ending Inventory under FIFO.
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$
$
$
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