A company purchased 500 units at $20 each on January 31. On February 28, he purchased 600

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A company purchased 500 units at $20 each on January 31. On February 28, he purchased 600 units at $24 each. From March 1 to December 31, it sold a total of 640 units at $40 each.

How much does it cost to finish inventory on December 31 if the company uses the first-in, first-out inventory costing method.

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: Apr 05, 2023 06:25 AM

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A company purchased 500 units at $20 each on January 31. On February 28, he purchased 600

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Intermediate Accounting

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