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Tatsoi Company's Purchase and Sales Transactions for the Month of May

Question 121

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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