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A Company Just Starting Business Made the Following Four Inventory

Question 169

Multiple Choice

A company just starting business made the following four inventory purchases in June: A company just starting business made the following four inventory purchases in June: A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. The inventory method which results in the highest gross profit for June is A) the FIFO method. B) the LIFO method. C) the weighted average unit cost method. D) not determinable. A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand.
The inventory method which results in the highest gross profit for June is


A) the FIFO method.
B) the LIFO method.
C) the weighted average unit cost method.
D) not determinable.

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