Moss co uses the fifo method to calculate ending inventory, Financial Accounting

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Moss co uses the fifo method to calculate ending inventory

Moss Co. uses the FIFO method to calculate ending inventory. Assuming 300 units are not sold, the cost of goods sold is:

January 1 Inventory is 200 units at $9

February 15 Purchase of 300 units at $10

August 20 Purchase of 400 units at $11

December 20 Purchase of 100 units at $12

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Financial Accounting: Moss co uses the fifo method to calculate ending inventory

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Financial Accounting: Moss co uses the fifo method to calculate ending inventory

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