Julian Junkets has the following inventory information. July 1 Beginning Inventory 15 units at...
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Accounting
Julian Junkets has the following inventory information.
July 1 Beginning Inventory 15 units at $90
5 Purchases 90 units at $84
14 Sale 60 units
21 Purchases 45 units at $87
30 Sale 42 units
Assuming that a perpetual inventory system is used, what is the ending inventory on a FIFO basis?
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