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10. A companys inventory records report the following: August 1 Beginning balance 18 units @ $8 August 5 Purchase 13 units @ $7 August 12

10.

A companys inventory records report the following:

August 1 Beginning balance 18 units @ $8
August 5 Purchase 13 units @ $7
August 12 Purchase 17 units @ $8

On August 15, it sold 36 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?

$116 $576 $96 $372 $288

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