Multiple Choice
McCarthy Company has inventory of 8 units at a cost of $200 each on October 1.On October 2,it purchased 20 units at $205 each.11 units are sold on October 4.Using the FIFO perpetual inventory method,what is the value of inventory after the October 4 sale?
A) $3,485.
B) $3,445.
C) $3,500.
D) $3,472.
E) $3,461.
Correct Answer:
Verified
Correct Answer:
Verified
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