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Determine the inventory cost using the first-in first- out

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Reference no: EM132686821

Question - The units of an item available for sale during the year were as follows:

Jan 1 inventory 17 units at 124 April 15 purchase 133 units at 114 September 9 purchase 25 units at 132.

There are 46 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the first-in, first- out (FIFO).

Reference no: EM132686821

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