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A company's inventory records report the following: Date August 1 Activities Units Acquired at Cost Units Sold at Retail Beginning inventory 15 units @ $50
A company's inventory records report the following: Date August 1 Activities Units Acquired at Cost Units Sold at Retail Beginning inventory 15 units @ $50 = $750 August 5 Purchase August 12 Purchase ok 10 units @ $51 = $510 20 units @$52 = $1,040 August 15 Sales sk int 30 units sold Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? rences Multiple Choice
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