At year-end, the perpetual inventory records of Musa Co., indicate 60 units of a particular...
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Accounting
At yearend, the perpetual inventory records of Musa Co indicate units of a particular product in inventory, acquired at the following dates and unit costs:
Purchased in August: units at $ per unit.
Purchased in November: units at $ per unit.
A complete physical inventory taken at yearend indicates only units of this product actually are on hand.
Assume the company uses the FIFO method. What is the cost of the irtentory of this particular product that will be shown in the company's yearend balance sheet?
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