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using the fifo method Help Save & Exit A company reports the followang...

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Accounting

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using the fifo method

Help Save & Exit A company reports the followang begimning Inventory and two purchases for the month of sanusary On January 26, the company ells 410 units. Ending inventory at January 31 totals 150 units Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 370 3.80 3.90 110 16 Required: Assume the periodic inventory system is used Determine the costs as the FIFO method. ods Availab l of units Cost per Costoin endingunitInventory Ending #of | Costper | Available forl sold 1 unit . 190 of units | Costper Const ofldi ending c Beg Purchases January 9 January 25 Total Prm 10 of 11 Next

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