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Quark IncJust Began Business and Made the Following Four Inventory Purchases

Question 78

Multiple Choice

Quark Inc.just began business and made the following four inventory purchases in June: Quark Inc.just began business and 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.Using the FIFO inventory method, the amount allocated to ending inventory for June is A) $1,326. B) $1,320. C) $1,404. D) $1,416. A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand.Using the FIFO inventory method, the amount allocated to ending inventory for June is


A) $1,326.
B) $1,320.
C) $1,404.
D) $1,416.

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