Faith B.

asked • 03/20/21

Problem 6-7AA Periodic: Alternative cost flows LO P3

Seminole Company began the year with 29,500 units of product in its January 1 inventory costing $16.90 each. It made purchases of its product during the year as follows. The company uses a periodic inventory system. On December 31, a physical count reveals that 54,000 units of its product remain in inventory.

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