The following lots of Commodity Z were available for sale during the year. Beginning...
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Accounting
The following lots of Commodity were available for sale during the year.
Beginning inventory
First purchase
Second purchase
Third purchase
units at $
units at $
units at $
units at $
The firm uses the periodic system, and there are units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the FIFO method?
a $
b $
c $
d $
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