Question: Required information Exercise 6-5A Calculate inventory amounts when costs are declining (LO6-3) [The following information applies to the questions displayed below.] During the year,

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Required information Exercise 6-5A Calculate inventory amounts when costs are declining (LO6-3) [The following information applies to the questions displayed below.] During the year, Trombley Incorporated has the following inventory transactions. Number Unit Date Transaction of Unita Cost Total Cost Jan. 1 Beginning inventory 19 $21 $ 399 Mar. 4 Purchase 24 20 480 Jun. 9 Purchase 29 19 551 Nov.11 Purchase 29 17 493 101 $1,923 For the entire year, the company sells 80 units of inventory for $29 each. Exercise 6-5A Part 1
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