Trekking Company markets a climbing kit and uses a perpetual inventory system to account for its merchandise. The beginning balance of the inventory and transactions during January were as follows: If the ending inventory is valued at $357, what inventory cost flow assumption was used?

Question

Trekking Company markets a climbing kit and uses a perpetual inventory system to account for its merchandise. The beginning balance of the inventory and transactions during January were as follows:  If the ending inventory is valued at $357, what inventory cost flow assumption was used?

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The Answer of Trekking Company markets a climbing kit and uses a perpetual inventory system to account for its merchandise. The beginning balance of the inventory and transactions during January were as follows:  If the ending inventory is valued at $357, what inventory cost flow assumption was used?

Trekking Company Markets a Climbing Kit and Uses a Perpetual