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    Intermediate Accounting Study Set 11
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    Exam 8: Inventory
  5. Question
    Ritz LtdHas the Following Data Related to an Item of Inventory
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Ritz LtdHas the Following Data Related to an Item of Inventory

Question 88

Question 88

Multiple Choice

Ritz Ltd.has the following data related to an item of inventory: Ritz Ltd.has the following data related to an item of inventory:   If Ritz Ltd.uses FIFO, the value assigned to cost of goods sold is A) $3,105. B) $3,187. C) $2,295. D) $1,369. If Ritz Ltd.uses FIFO, the value assigned to cost of goods sold is


A) $3,105.
B) $3,187.
C) $2,295.
D) $1,369.

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