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Swiss-Mart Company's Beginning Inventory Balance and Purchase and Sales Transactions

Question 151

Multiple Choice

Swiss-Mart Company's beginning inventory balance and purchase and sales transactions for the month of June were as follows: Swiss-Mart Company's beginning inventory balance and purchase and sales transactions for the month of June were as follows: Assuming that Swiss-Mart keeps perpetual inventory records, the inventory at June 30 on a FIFO basis is A) CHF3,000. B) CHF3,300. C) CHF5,250. D) CHF5,750. Assuming that Swiss-Mart keeps perpetual inventory records, the inventory at June 30 on a FIFO basis is


A) CHF3,000.
B) CHF3,300.
C) CHF5,250.
D) CHF5,750.

Correct Answer:

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