Business, 30.10.2020 17:10 Emieloy2959

Otis Corp. uses a periodic system and the FIFO method. Otis had beginning inventory of 30 units purchased at $120 each and made the following purchases during the year: Jan. 15: 34 units at $110 May 30: 61 units at $84 Oct. 20: 160 units at $60 Sales during the year totaled 271 units. What is the cost of ending inventory

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Otis Corp. uses a periodic system and the FIFO method. Otis had beginning inventory of 30 units purc...