The Boxwood Company sells blankets for $35 each. The following was taken from the inventory...
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The Boxwood Company sells blankets for $35 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1 Date Blankets Units Cost May 3 Purchase 8 $17 10 Sale 3 12 Purchase 10 $16 20 6 Sale Sale 23 2 30 Purchase 10 $23 Assuming that the company uses the perpetual Inventory system, determine the May 31 Inventory balance using the FIFO inventory cost method. Ob. 1272 Od 1200 All werk saved Em
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