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At January 1, 2017, Nevada Ltd

Question 42

Multiple Choice

At January 1, 2017, Nevada Ltd.had 150 units of product A on hand, costing $32 each.Purchases of product A during January were as follows: At January 1, 2017, Nevada Ltd.had 150 units of product A on hand, costing $32 each.Purchases of product A during January were as follows: A physical count on January 31, 2017 shows 200 units of product A on hand.The cost of the inventory at January 31, 2017 under the FIFO cost formula is A) $6,150. B) $6,375. C) $6,600. D) $7,050. A physical count on January 31, 2017 shows 200 units of product A on hand.The cost of the inventory at January 31, 2017 under the FIFO cost formula is


A) $6,150.
B) $6,375.
C) $6,600.
D) $7,050.

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