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    Financial Accounting Study Set 22
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    Exam 6: Inventory Cost of Goods Sold
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    -Tomasino's Inventory Records Show the Following Data at January 31
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-Tomasino's Inventory Records Show the Following Data at January 31

Question 150

Question 150

Multiple Choice

  -Tomasino's inventory records show the following data at January 31:   At January 31, 230 units are still on hand. What is the cost of the ending inventory at January 31 if Tomasino uses the FIFO method? A) $2070 B) $2200 C) $2890 D) $2460
-Tomasino's inventory records show the following data at January 31:   -Tomasino's inventory records show the following data at January 31:   At January 31, 230 units are still on hand. What is the cost of the ending inventory at January 31 if Tomasino uses the FIFO method? A) $2070 B) $2200 C) $2890 D) $2460 At January 31, 230 units are still on hand. What is the cost of the ending inventory at January 31 if Tomasino uses the FIFO method?


A) $2070
B) $2200
C) $2890
D) $2460

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