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Given the following inventory activity, what is ending inventory using the perpetual FIFO costing method? (Round any intermediary calculations to the nearest cent and your
Given the following inventory activity, what is ending inventory using the perpetual FIFO costing method? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) Quantity 130 Date Beginning Balance September 17 September 24 September 29 Unit Cost $5.50 $3.50 40 Purchase Sale Purchases 75 25 $4.50 A. 110 units @ $5.50 and 10 units @ $4.50 B. 115 units @ $5.50 and 5 units @ $3.50 C. 55 units @ $5.50 and 40 units @ $3.50 and 25 units @ $4.50 D. 120 units at $4.50
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