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  3. sells a company reports the following beginning in

sells A company reports the following beginning inventory and two purchases for the month of...

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Accounting

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sells A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company 260 units. Ending inventory at January 31 totals 120 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 2.10 2.30 230 3 50 180 2.44 Required: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method. riodic FIFO Cost of Goods Sold Cost of | #of units TCoe, Goods Sold Cost of Goods # of units sold Cost per unit i per # of units Cost per unit Available for , Inventory SaleoldnitGoods Sold inventoryunvediog Beg Inventory Purchases January 9 January 25 Total

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