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Adam IncUses a Perpetual Inventory System

Question 36

Multiple Choice

Adam Inc.uses a perpetual inventory system. Adam Inc.uses a perpetual inventory system. If Adam uses the FIFO method, how much is ending inventory on January 31? A) $ 8 B) $ 12 C) $ 16 D) $ 40 If Adam uses the FIFO method, how much is ending inventory on January 31?


A) $ 8
B) $ 12
C) $ 16
D) $ 40

Correct Answer:

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