a company purchased 500 units for $20 each on January 31. It purchased 600 units...
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Accounting
a company purchased 500 units for $20 each on January 31. It purchased 600 units for $24 each on February 28. It sold a total of 640 units for $40 each from March 1 through December 31. What is the cost of ending inventory on December 31 if the company uses the first-in, first-out inventory costing method.
a)6960
b)2240
c)11040
d)9200
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