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Goodman Company's Inventory Records Show the Following Data: a Physical

Question 114

Multiple Choice

Goodman Company's inventory records show the following data: Goodman Company's inventory records show the following data: A physical inventory on December 31 shows 6,000 units on hand. Under the FIFO method, the December 31 inventory is A) $42,000. B) $49,200. C) $49,392. D) $54,000. A physical inventory on December 31 shows 6,000 units on hand. Under the FIFO method, the December 31 inventory is


A) $42,000.
B) $49,200.
C) $49,392.
D) $54,000.

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