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A company's inventory records report the following: Activities Date August 1 Beginning inventory August 5 Purchase August 12 August 15 Purchase Sales Units Acquired
A company's inventory records report the following: Activities Date August 1 Beginning inventory August 5 Purchase August 12 August 15 Purchase Sales Units Acquired at Cost 15 units $50 = $750 10 units @ $51 = $510 20 units $52 = $1,040 Units Sold at Retail 30 units sold Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? O Multiple Choice $780 $520 $2,300 $1520
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