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Homework answers / question archive / For October, when the company sold 1,360 units, the following information is available
For October, when the company sold 1,360 units, the following information is available.
Units Unit Cost Total Cost
October 1 inventory 480 $22 $10,560
October 8 purchase 960 23 22,080
October 25 purchase 480 26 12,480
1,920 $45,120
Compute the October 31 Ending inventory and the October cost of goods sold using the FIFO method.
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