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    Financial Accounting IFRS
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    Exam 6: Inventories
  5. Question
    Tatsoi Company's Purchase and Sales Transactions for the Month of May
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Tatsoi Company's Purchase and Sales Transactions for the Month of May

Question 115

Question 115

Multiple Choice

Tatsoi Company's purchase and sales transactions for the month of May were as follows:
Tatsoi Company's purchase and sales transactions for the month of May were as follows: <sup> </sup>   <sup> </sup> Assuming that Tatsoi keeps perpetual inventory records, the ending inventory on a FIFO basis is A)  ¥450,000. B)  ¥468,000. C)  ¥495,000. D)  ¥1,890,000.
Assuming that Tatsoi keeps perpetual inventory records, the ending inventory on a FIFO basis is


A) ¥450,000.
B) ¥468,000.
C) ¥495,000.
D) ¥1,890,000.

Correct Answer:

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