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Problem

Logan Company uses a perpetual inventory system on a FIFO basis. Assuming inventory on January 1 was 800 units at $8 each.

Received


Sold

Date

Quantity

Cost per unit

Date

Quantity

Apr. 15

220

$5

Mar. 8

500

Nov. 12

1,900

9

Oct. 5

200

What is the cost of ending inventory at the end of October 5?

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  • Category:- History
  • Reference No.:- M92747087

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