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A company reports the following beginning inventory and two purchases for the month of January. On January the company sells units. Ending inventory at January totals units.
Units Unit Cost
Beginning inventory on January $
Purchase on January
Purchase on January
QS Algo Periodic: Inventory costing with FIFO LO P
Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method.
Note: Round your per unit costs to decimal places.
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