Inventory records for Marvin Company revealed the following: Date Transaction Mar. 1 Beginning inventory Mar....
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Inventory records for Marvin Company revealed the following: Date Transaction Mar. 1 Beginning inventory Mar. 10 Purchase Mar. 16 Purchase Mar.23 Purchase Number of Units 970 500 453 530 Unit Cost $7.22 7.72 8.32 9.02 Marvin sold 1,810 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $7,003 $1,852 $5,721
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