Required information Use the following information for the Quick Studies below. (Algo) (5-7) [The following...
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Required information Use the following information for the Quick Studies below. (Algo) (5-7) [The following information applies to the questions displayed below.] A company reports the following beginning inventory and two purchases for the month of January. On January 26 , the company sells 290 units. Ending inventory at January 31 totals 130 units. QS 5-5 (Algo) Periodic: Inventory costing with FIFO LO P1 Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned base the FIFO method. Note: Round your per unit costs to 2 decimal places
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