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Raw Materials Inventory had a beginning balance of 25 units at $10 and a purchase of 50 units at $11. If 40 units are issued
Raw Materials Inventory had a beginning balance of 25 units at $10 and a purchase of 50 units at $11. If 40 units are issued for a job, the cost transferred out of Raw Materials Inventory according to the first in, first-out (FIFO) inventory method is:
a. $305
b. $330
c. $250
d. $415
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