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The following inventory was available for sale during the year for Thomasina Tools: Beginning inventory 10 units at $80 First purchase 15 units at $110
The following inventory was available for sale during the year for Thomasina Tools:
Beginning inventory | 10 units at $80 |
First purchase | 15 units at $110 |
Second purchase | 30 units at $140 |
Third purchase | 20 units at $130 |
Thomasina Tools has 25 units on hand at the end of the year. What is the dollar amount of inventory at the end of the year according to the first-in, first-out method?
Select one:
A. $5,950
B. $3,300
C. $3,150
D. $3,900
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