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Omega Inc. maintains inventory based on the periodic FIFO cash flow assumption. The beginning inventory for Year One was 12 units at $5 each. During
Omega Inc. maintains inventory based on the periodic FIFO cash flow assumption. The beginning inventory for Year One was 12 units at $5 each. During the first month, 25 units were purchased at $6 each. The ending inventory on physical count was 10 units. Assuming no loss in storage, what is the value of ending inventory? Select a Choice Below current question choices OptionA $60.00 OptionB $80.00 OptionC $85.00 OptionD $120.00
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