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Alta ski company inventory records

28/04/2021 Client: asad8949eF Deadline: 2 Day

FIFO means first in first out. According to this method, the oldest inventory is sold first and recent items are sold at the end. To calculate the ending inventory you need to find out the number of units remaining in ending inventory and simply multiply it by the unit cost of the latest purchase cost. To see the calculations see the following example.

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