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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 @ $44
A company's inventory records report the following: Date Activities Units Acquired at Cost Units Sold at Retail August 1 Beginning inventory 15 units @ $44 = $660 August 5 Purchase 10 units @ $45 = $450 August 12 Purchase 20 units @ $46 = $920 August 15 Sales 30 units sold Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? Multiple Choice $2,030 $320 $460 $690 $1,340
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