Question: Assume Smart Touch Learning had 10 tablets in its beginning inventory, each with a cost of $260. On January 3, Smart Touch learning purchased 11

Assume Smart Touch Learning had 10 tablets in its beginning inventory, each with a cost of $260. On January 3, Smart Touch learning purchased 11 tabulets at a cost of $313 each, and on January 10 Smart Touch learning purchased another 3 tablets at $322 each. On January 20, the company sold 3 tablets to a customer. if the company is using the FIFO method what is the companys cost of goods sold for January under a periodic inventory system?

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4. If the situation merits the conflict, what would need to change to avoid the conflict?

1. Identify the sources for this conflict.

3. The group answers the questions.