If 11000 units are on hand at the end of the year, what is the balance of
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Question:
If 11000 units are on hand at the end of the year, what is the balance of ending inventory using FIFO inventory system.
Units Cost
Inventory, Jan 1 8000 $11
Purchase June 21 13000 $12
Purchase Dec 21 5000 $13
Related Book For
Financial Accounting
ISBN: 978-0134564142
6th Canadian edition
Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin
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