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A companys inventory records report the following: August 1Beginning balance17 units @ $7 August 5Purchase12 units @ $6 August 12Purchase16 units @ $7 On August
A companys inventory records report the following:
August 1Beginning balance17 units @ $7
August 5Purchase12 units @ $6
August 12Purchase16 units @ $7
On August 15, it sold 34 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?
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