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46. Eloise Corp. uses the FIFO retail inventory method and reports the following information: Cost. Retail. Purchases. $21,450. $28,000 Sales. $24,800 Net markups. $1000 Beginning
46. Eloise Corp. uses the FIFO retail inventory method and reports the following information:
Cost. Retail.
Purchases. $21,450. $28,000
Sales. $24,800
Net markups. $1000
Beginning inventory. $2100. $3000
Net markdowns. $400
What is the FIFO value of ending inventory for Eloise Corp.?
A. $5068
B. $5004
C. $5053
D. $5100
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Auditing In The Food Industry From Safety And Quality To Environmental And Other Audits
Authors: M Dillon, C Griffith
1st Edition
1855734508, 978-1855734500
