Acompany uses the periodic inventory system. during its first year of operations, it made the following purchases (listed in chronological order): 160 units at $50 280 units at $40 680 units at $30 sales for the year totaled 1,080 units, leaving 40 units on hand at year end. ending inventory using the fifo method is: a. $1,300. b. $2,000. c. $1,414. d. $1,200.
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Acompany uses the periodic inventory system. during its first year of operations, it made the follow...
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