Grainger Incorporated shows the following data related to an…
Grainger Incorporated shows the following data related to an item of inventory: Inventory, January 1 300 units @ $5.00 Purchase, January 9 900 units @ $5.40 Purchase, January 19 210 units @ $6.00 Inventory, January 31 300 units What value should be assigned to the ending inventory using FIFO?
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