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    Financial Accounting Study Set 25
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    Exam 6: Inventories
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    Priscilla Has the Following Inventory Information
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Priscilla Has the Following Inventory Information

Question 51

Question 51

Multiple Choice

Priscilla has the following inventory information. Priscilla has the following inventory information.   A physical count of merchandise inventory on July 31 reveals that there are 35 units on hand. Using the average-cost method, the value of ending inventory is A)  $680. B)  $704. C)  $723. D)  $730. A physical count of merchandise inventory on July 31 reveals that there are 35 units on hand. Using the average-cost method, the value of ending inventory is


A) $680.
B) $704.
C) $723.
D) $730.

Correct Answer:

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