A company just starting business made the following purchases in August

A company just starting business made the following purchases in August

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A company just starting business made the following purchases in August: August 1 300 units $1,560 August 12 400 units 2,340 August 24 400 units 2,520 August 30 300 units 1,980 1,400 units $8,400 A physical count of the inventory on August 31 reveals that there are 500
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Unformatted text preview: units on hand. Using the FIFO inventory method, the value of the ending inventory on August 31 is: $3,240. $2,730. $5,160. $5,670....
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This note was uploaded on 01/04/2012 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.

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