January 1 beginning inventory 150 items 4 600 may 1
Problem
January 1 Beginning inventory 150 items @ $4 = $600
May 1 Purchases 450 items @ $6= $2700
Total available 600 items $3300
Total sales 400 items
December 31 Ending inventory 200
What are the costs assigned on a FIFO basis?
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problemon january 1 a company issued 6 15-year bonds with a face amount of 90 million for 74 437281 to yield 8 interest
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problemjanuary 1 beginning inventory 150 items 4 600may 1 purchases 450 items 6 2700total available 600 items
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