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Products in an electronic store consist of the following: 20 TV's delivered in January at a cost of $100 each and 30 TV's delivered in
Products in an electronic store consist of the following: 20 TV's delivered in January at a cost of $100 each and 30 TV's delivered in February at a cost of $110. They are all the same model. Using the FIFO inventory method, what would the remaining value of inventory be if 15 TV's were sold? Select one: a. $5,100 b. $3,650 c. $5,600 d. $3,800 A tire shop inventory consists of 30 tires purchased on Jan 4th at $34 each. On Jan 19th, the shop purchased another 30 tires at $35 each. On Jan 30th, the shop purchased additional 40 tires at a cost of $36 each. If 25 tires were sold on Jan 31st, what woul the COGS be for that sale using the weighted average cost method? Select one: a. $877.50 b. $1.440 c. $850 d. $900
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