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A company's Inventory records report the following: Date Activities August 1 Beginning inventory August 5 Purchase August 12 Purchase August 15 Sales Units Acquired
A company's Inventory records report the following: Date Activities August 1 Beginning inventory August 5 Purchase August 12 Purchase August 15 Sales Units Acquired at Cost Units Sold at Retail 15 units @ $36 $540 10 units @ $37 $370 20 units @ $38 $760 30 units sold Using the FIFO perpetual Inventory method, what is the value of the Inventory at August 15 after the sale?
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