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A Company Made the Following Merchandise Purchases and Sales During

Question 178

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A company made the following merchandise purchases and sales during the month of May. There was no beginning inventory. If the company uses the FIFO periodic inventory method, what would be the cost of the ending inventory? A company made the following merchandise purchases and sales during the month of May. There was no beginning inventory. If the company uses the FIFO periodic inventory method, what would be the cost of the ending inventory?

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