he following lots of a particular commodity were available for sale during the year Beginning...
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Accounting
he following lots of a particular commodity were available for sale during the year Beginning inventory 7 units at $51.00 First purchase 19 units at $53.00 Second purchase 25 units at $58.00 Third purchase 18 units at $65.00 The firm uses the periodic system, and there are 27 units of the commodity on hand at the end of the year. What is the amount of inventory at the end the year according to the FIFO method? Select the correct answer $1,692.00 O 53,957.00 51377.00 $3.984.00
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