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The Following Information Was Available from the Inventory Records of Queen

Question 50

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The following information was available from the inventory records of Queen Company for July: The following information was available from the inventory records of Queen Company for July: What should be the inventory reported on Queen's July 31 statement of financial position using the FIFO inventory method? A) £54,000. B) £58,800. C) £62,400. D) £63,000. What should be the inventory reported on Queen's July 31 statement of financial position using the FIFO inventory method?


A) £54,000.
B) £58,800.
C) £62,400.
D) £63,000.

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