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Tanvir & Sons maintains perpetual inventory system using FIFO method and provided you following data. Dec 1 Inventory 30 unit @ $30 Dec 4 Purchase
Tanvir & Sons maintains perpetual inventory system using FIFO method and provided you following data.
| Dec 1 Inventory | 30 unit @ $30 | |
| Dec 4 Purchase | 105 units @ $33 | |
| Dec 8 Sale | 60 units | |
| Dec 18 Purchases | 120 units @ $36 | |
| Dec 22 Sale | 105 units | |
| Dec 24 Purchase | 45 units @ $39 |
The value of ending inventory is:
- A. $4,455
- B. $4,795
- C. $4,995
- D. $4,365
- E. $4,680
- F. $4,825
- G. $4,635
- H. $4,860
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Computerized Accounting With Quickbooks 2018
Authors: James B. Rosa, Kathleen Villani
1st Edition
0763882674, 9780763882679
