If a company has the following data related to an item of inventory: Inventory...
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Accounting
If a company has the following data related to an item of inventory:
Inventory march 1 400 units @ $2.10
Purchase march 7 1,400 units @ $2.20
Purchase march 16 280 units @ $2.25
Inventory march 31 520 units
The value assigned to ending inventory if the company uses FIFO is? and LIFO?
I know the answer just dont know how to get it. Is the sales 1560 units?
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