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A company's inventory records report the following: August 1 August 5 August 12 Beginning balance Purchase Purchase 18 units @ $8 13 units @ $7

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A company's inventory records report the following: August 1 August 5 August 12 Beginning balance Purchase Purchase 18 units @ $8 13 units @ $7 17 units @ $8 On August 15. it sold 36 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? Multiple Choice $116 $288 $372 $96 $576

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