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    Fundamentals of Financial Accounting Study Set 4
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    Exam 7: Inventories and Cost of Goods Sold
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    Use the Information Above to Answer the Following Question
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Use the Information Above to Answer the Following Question

Question 96

Question 96

Multiple Choice

Use the information above to answer the following question.If the company uses the FIFO method,what is the cost of its ending inventory?


A) $24
B) $42
C) $58
D) $76

Correct Answer:

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