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A Company Had the Following Purchases and Sales During Its

Question 160

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A company had the following purchases and sales during its first year of operations: A company had the following purchases and sales during its first year of operations:   On December 31,there were 26 units remaining in ending inventory. -Using the periodic FIFO inventory costing method.What is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)  A) $3,405. B) $3,200. C) $3,445. D) $3,540. E) $3,270. On December 31,there were 26 units remaining in ending inventory.
-Using the periodic FIFO inventory costing method.What is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)


A) $3,405.
B) $3,200.
C) $3,445.
D) $3,540.
E) $3,270.

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