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jolli1 [7]
3 years ago
10

In its first month of operations, Marigold Corp. made three purchases of merchandise in the following sequence: (1) 240 units at

$5, (2) 340 units at $7, and (3) 440 units at $8. Assuming there are 140 units on hand at the end of the period, compute the cost of the ending inventory under (a) the FIFO method
Business
1 answer:
trapecia [35]3 years ago
6 0

Answer:

A= $1120

Explanation:

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This can be attributed to them having specific risk. The market is not subject to diversification risk so prices tend to fluctuate less

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