FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Beginning inventory, purchases, and sales for Item MMM8 are as follows:
November 1 Inventory 102 16 9 Sale 89 16 Purchase 128 0 25 Sale 83
Assuming a perpetual inventory system and using the Last-in, first-out (FIFO) method, determine the inventory value on November 30.
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