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Business, 25.03.2020 20:58 dondre54

The Loyd Company had 150 units of product Omega on hand at December​ 1, Year​ 1, costing​ $400 each. Purchases of product Omega during December were as​ follows: Date Units Unit Cost December 7 100 $440 December 14 200 460 December 29 300 500 Sales during December were 500 units on December 30. Assume a perpetual inventory system is used. The cost of inventory at December​ 31, Year​ 1, under the FIFO method would be closest​ to:

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The Loyd Company had 150 units of product Omega on hand at December​ 1, Year​ 1, costing​ $400...
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