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Business, 16.10.2021 03:20 alexcuevaz90

ntercontinental Inc., uses a periodic inventory system. At the end of Year 2, the accounting records provided the following information relating to one of its products. UnitsUnit Cost Inventory, December 31, Year 11,830 $6 For Year 2: Purchase, March 21, Year 26,200 $5 Purchase, August 1, Year 24,070 $3 Inventory, December 31, Year 22,910 What is the amount of ending inventory and cost of goods sold under the FIFO inventory costing method

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ntercontinental Inc., uses a periodic inventory system. At the end of Year 2, the accounting records...
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