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Assume that Fey Company reports the following initial balance and subsequent purchase of inventory 1,200 units@ $60 each $ 72,000 Inventory balance at beginning of

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Assume that Fey Company reports the following initial balance and subsequent purchase of inventory 1,200 units@ $60 each $ 72,000 Inventory balance at beginning of year 1,800 units @$90 each 162,000 Inventory purchased during the year 3,000 units $234,000 Cost of goods available for sale during the year Assume that 1,900 units are sold during the year. What amount is reported for inventory on the year-end balance sheet using the FIFO method? Select one: a. $135,000x b. $99,000 c.$168,000 d. $66,000

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