ABC Company purchases five products for sale in the order and at the costs shown: Unit Cost

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ABC Company purchases five products for sale in the order and at the costs shown:

UnitCost per Unit

1$10

2$12

3$15

4$18

5$13

Assume ABC sells two items and uses the FIFO method of inventory valuation. What amount would appear in ending inventory on the balance sheet?

a. $22

b. $46

c. $45

d. $31

Posted Date: Jun 26, 2024 07:00 AM

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ABC Company purchases five products for sale in the order and at the costs shown: Unit Cost

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