What is the amount of ending inventory for the month of july

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Problem

Tank Corporation had the following transaction during the month of July: 7/1 Beginning Inventory 150 units @ $5 each 7/5 Sold 100 units @ $9 each 7/12 Purchased 70 units @ $5.10 each 7/20 Sold 100 units @ $9 each 7/25 Purchased 80 units @ $5.20 each Tank Corporation uses a perpetual FIFO system. Get the instant assignment help. What is the amount of ending inventory for the month of July?

Reference no: EM133922908

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