Business, 31.01.2022 14:00, tenleywood

The following information relates to inventory for Cosmo Inc. Date

Quantity

Price

March

1

Beginning Inventory

20

$

2

March

7

Purchase

15

3

March

11

Sale

25

7

March

12

Purchase

20

4

At what amount would Shoeless report ending inventory using FIFO cost flow assumptions?

Answers: 1

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The following information relates to inventory for Cosmo Inc. Date

Quantity