Fulbright corp. uses the periodic inventory system. during, Ask an Expert

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Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition):
• 40 units at $100
• 70 units at $80
• 170 units at $60
Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year.

what is the Ending inventory using the FIFO method ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M982760

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