Question: Saved Help Sav Challenge Problem 15-29 [LU 15-1 (2)] Monroe Company had a beginning inventory of 342 cans of paint at $11.20 each on January
Saved Help Sav Challenge Problem 15-29 [LU 15-1 (2)] Monroe Company had a beginning inventory of 342 cans of paint at $11.20 each on January 1 at a cost of $3,830.40. During the year, the following purchases were made: February 15 April 30 July 1 272 cans at $13.20 130 cans at $13.70 12e cans at $14.20 Monroe marks up its goods at 30% on cost. At the end of the year, ending inventory showed 150 units remaining. Calculate the amount of sales assuming a FIFO flow of inventory. (Round your answer to the nearest cent.) Amount of sales to search
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