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A company has beginning inventory of 36 units at a cost of $13.00 each on October 1. On October 5, it purchases 24 units at
A company has beginning inventory of 36 units at a cost of $13.00 each on October 1. On October 5, it purchases 24 units at $14.00 per unit. On October 12 it purchases 34 units at $15.00 per unit. On October 15, it sells 72 units. Using the FIFO periodic inventory method, what is the value of the inventory at October 15 after the sale?
O $360.00 O $330.00 O $690.00 $286.00 O $616.00 Step by Step Solution
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