Question: Exercise 8-9 Intermediate Accounting Given that ending inventory count is 115 units, how do you calculate cost of inventory on the perpetual system? Exercise 8-9

Exercise 8-9 Intermediate Accounting

Exercise 8-9 Intermediate Accounting Given that ending inventory count is 115 units,

how do you calculate cost of inventory on the perpetual system? Exercise

Given that ending inventory count is 115 units, how do you calculate cost of inventory on the perpetual system?

Exercise 8-9 Marin Company sells one product. Presented below is information for January for Marin Company. Jan. 1 107 units at $5 each 84 units at $8 each 146 units at $6 each 118 units at $9 eaclh 153 units at $7 each Inventory 4 Sale 11 13 Sale 20 27 Sale Purchase Purchase 89 units at $10 each Marin uses the FIFO cost flow assumption. All purchases and sales are on account

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