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Given the following information, determine the cost of ending inventory at December 31 using the FIFO perpetual inventory method. December 2: 5 units were purchased at $7 per unit.
December 9: 10 units were purchased at $9.40 per unit.
December 11: 12 units were sold at $35 per unit.
December 15: 20 units were purchased at $10.15 per unit.
December 22: 18 units were sold at $35 per unit.
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Lesser Sum
Refers to an amount of money that is smaller in comparison to another figure or expectation.
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Required or bound legally or morally to do something.
Garbage Pickup
The process or service of collecting and removing waste materials from a designated area.
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