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Eliza sold 1,730 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediates answer to the nearest dollar amount.).

Eliza sold 1,730 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediates answer to the nearest dollar amount.).

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Inventory records for Eliza Company revealed the following: Date: Transaction March 1 Beginning Inventory March 10 Purchase March 16. Purchase March 23. Purchase. Multiple Choice $1,248 Eliza sold 1,730 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculation answer to the nearest dollar amount.) $6,774 $5,631 Number of Units $7,762 950 520 380 520 Unit Cost $7.13 7.63 8.23 8.93
Transcribed Image Text:Inventory records for Eliza Company revealed the following: Date: Transaction March 1 Beginning Inventory March 10 Purchase March 16. Purchase March 23. Purchase. Multiple Choice $1,248 Eliza sold 1,730 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculation answer to the nearest dollar amount.) $6,774 $5,631 Number of Units $7,762 950 520 380 520 Unit Cost $7.13 7.63 8.23 8.93
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