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Ending inventory assuming FIFO would be

Ending inventory assuming FIFO would be

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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Vikram Bhai 

Inventory records for Eliza Company revealed the following: Number of Date Transaction Units Unit Cost March 1 Beginning Inventory 950 $ 7.15 March 10 Purchase 570 7.65 March 16 Purchase 452 8.25 March 23 Purchase 520 8.95 Eliza sold 1,830 units of inventory during the month. Ending inventory assuming FIFO would b Multiple Choice $5,826. О $1,482. $6,792 $9,157.
Transcribed Image Text:Inventory records for Eliza Company revealed the following: Number of Date Transaction Units Unit Cost March 1 Beginning Inventory 950 $ 7.15 March 10 Purchase 570 7.65 March 16 Purchase 452 8.25 March 23 Purchase 520 8.95 Eliza sold 1,830 units of inventory during the month. Ending inventory assuming FIFO would b Multiple Choice $5,826. О $1,482. $6,792 $9,157.
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