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    Financial Accounting Tools Study Set 4
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    Exam 6: Reporting and Analyzing Inventory
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    Noise Makers Inc
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Noise Makers Inc

Question 128

Question 128

Multiple Choice

Noise Makers Inc.has the following inventory data: Noise Makers Inc.has the following inventory data:   A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand.Using the average cost method, the value of ending inventory is A) $930. B) $960. C) $976. D) $990. A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand.Using the average cost method, the value of ending inventory is


A) $930.
B) $960.
C) $976.
D) $990.

Correct Answer:

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