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Use the Following Information for the Month of July for Questions

Question 22

Multiple Choice

Use the following information for the month of July for questions
ABC Inc.uses the FIFO cost formula in a perpetual inventory system.
Use the following information for the month of July for questions ABC Inc.uses the FIFO cost formula in a perpetual inventory system. -Ending inventory at July 31 is A) $2,330. B) $720. C) $680. D) $550.
-Ending inventory at July 31 is


A) $2,330.
B) $720.
C) $680.
D) $550.

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