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The Units of an Item Available for Sale During the Year

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Essay

The units of an item available for sale during the year were as follows:  Jan. 1 Inventory 25 units at $45 Mar. 4 Purchase 15 units at $50 June 7 Purchase 35 units at $58 Nov. 15 Purchase 20 units at $65\begin{array}{ll}\text { Jan. } 1 \text { Inventory } & 25 \text { units at } \$ 45 \\\text { Mar. } 4 \text { Purchase } & 15 \text { units at } \$ 50 \\\text { June } 7 \text { Purchase } & 35 \text { units at } \$ 58 \\\text { Nov. } 15 \text { Purchase } & 20 \text { units at } \$ 65\end{array} There are 30 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost using FIFO.

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Definitions:

Rate of Return

The beneficial or adverse change in an investment's valuation over a particular duration, indicated as a percentage of the initial capital.

Dividend Growth

The rate at which a company's dividend payments increase over time, often seen as a sign of the company's financial health and growth prospects.

Investors Want

refers to the goals or returns that individuals or institutions seek when investing their capital, such as income, safety, or growth.

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