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A company's inventory records report the following: August 1 August 5 August 12 Beginning balance Purchase Purchase | 25 units @ $15 20 units @

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A company's inventory records report the following: August 1 August 5 August 12 Beginning balance Purchase Purchase | 25 units @ $15 20 units @ $14 24 units @ $15 On August 15, it sold 50 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? Multiple Choice $1,311 $285 $750 $855 $305

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