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A companys inventory records report the following: August 1 Beginning balance 32 units @ $22 August 5 Purchase 27 units @ $21 August 12 Purchase

A companys inventory records report the following: August 1 Beginning balance 32 units @ $22 August 5 Purchase 27 units @ $21 August 12 Purchase 31 units @ $22 On August 15, it sold 64 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?

Multiple Choice $1,408 $572 $1,534 $2,340 $592

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