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Boone Inc. sells computers. Assume Boone sells only one type of computer. Boone has in beginning inventory 10 computers that cost $300 each. Boone made
Boone Inc. sells computers. Assume Boone sells only one type of computer. Boone has in beginning inventory 10 computers that cost $300 each. Boone made the following purchases during the year: February 10th, 20 computers for $350 per computer, September 8th, 15 computers for $280 per computer, and December 12th, 12 computers for $200 per computer. Boone sold 32 computers during the year. Under the FIFO inventory method what is the ending inventory balance? Select one: O a. $8,250 O b. $6,040 O c. $7,281 O d. $6,600 Boone Inc. sells computers. Assume Boone sells only one type of computer. Boone has in beginning inventory 10 computers that cost $300 each. Boone made the following purchases during the year: February 10th, 20 computers for $350 per computer, September 8th, 15 computers for $280 per computer, and December 12th, 12 computers or $200 per computer. Boone sold 32 computers during the year. Determine the ending inventory balance for Boone Inc. under the LIFO inventory method? Select one: a. $8,250 O b. $6,040 c. $7,281 O d. $6,600
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