Julian Junkets has the following inventory information. July 1 Beginning Inventory 25 units at 90...
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Julian Junkets has the following inventory information. July 1 Beginning Inventory 25 units at 90 5 Purchases 150 units at 84 14 Sale 100 units 21 Purchases 75 units at 87 30 Sale 70 units Assuming that a perpetual inventory system is used, what is the ending inventory on a FIFO basis? a. 6,870 b. 6,885 c. 6,945 d. 14,490
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