A company's inventory records report the following: August 1 Beginning balance 31 units @ $21 August 5

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A company's inventory records report the following:

August 1 Beginning balance 31 units @ $21

August 5 Purchase 26 units @ $20

August 12 Purchase 30 units @ $21

On August 15, it sold 62 units. Using the FIFOperpetualinventory method, what is the value of the inventory at August 15 after the sale?

Posted Date: Jun 16, 2024 09:38 PM

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A company's inventory records report the following: August 1 Beginning balance 31 units @ $21 August 5

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