Question: Brent's Computer Store uses a periodic inventory system. The store reported the following purchases and sales of its only product Calculate the cost assigned to

Brent's Computer Store uses a periodic inventory system. The store reported the following purchases and sales of its only product Calculate the cost assigned to the ending inventory using FIFO. Units Sold at Retail Date May 1 5 10 15 Units Acquired at Cost 190 units @ $14 240 units @ $16 Activities Beginning Inventory Purchase Sales Purchase Sales 160 units @ $24 120 units @ $17 24 110 units e $25

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