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A company's inventory records report the following: Date Activities Units Acquired at Cost Units Sold at Retail August 1 Beginning inventory 15 units @ $12
A company's inventory records report the following: Date Activities Units Acquired at Cost Units Sold at Retail August 1 Beginning inventory 15 units @ $12 $180 August 5 Purchase August 12 Purchase August 15 Sales 10 units @ $13=$130 20 units @$14-$280 30 units sold Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? $140 $590 $210 $380 $160 13
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