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A company's inventory records report the following: August 1 August 5 August 12 Beginning balance Purchase Purchase 27 units @ $17 22 units @ $16

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A company's inventory records report the following: August 1 August 5 August 12 Beginning balance Purchase Purchase 27 units @ $17 22 units @ $16 26 units @ $17 On August 15, it sold 54 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? Multiple Choice O $377 O $918 O $1,575 $357 $1,029

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