From the following figures calculate the closing inventory using FIFO: Purchase March 400 @ $ 30...

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From the following figures calculate the closing inventory using FIFO: Purchase March 400 @ $ 30 each September 300@ $ 32 each Sale December 420 @ $ 40 each The company uses the perpetual system. O $ 8,610 O $ 8400 O $8,960 None of the above From the following figures calculate the closing inventory using FIFO: Purchase March 400 @ $ 30 each September 300@ $ 32 each Sale December 420 @ $ 40 each The company uses the perpetual system. O $ 8,610 O $ 8400 O $8,960 None of the above

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Units in ending inventory Total purchases S... View the full answer