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Determine the ending inventory on July

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Reference no: EM132686606

Question - Three identical units of item k113 are purchased during July, as shown below.

Item K113 Units Cost July 9 purchase 1 163 17 Purchase 1 169 26 Purchase 1 193.

Assume that one unit is sold on July 31 for $255. Determine the ending inventory on July 31 using the first-in, first-set (FIFO) method.

Reference no: EM132686606

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