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A company's inventory records report the following: Date. August 1 August 5 August 12 August 15 Beginning inventory Purchase Purchase Sales Multiple Choice $500 Activities
A company's inventory records report the following: Date. August 1 August 5 August 12 August 15 Beginning inventory Purchase Purchase Sales Multiple Choice $500 Activities $340 Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? $750 Units Acquired at Cost 15 units @ $48 = $720 10 units @ $49 = $490 20 units @ $50 = $1,000 Units Sold at Retail 30 units sold Check
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