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Grape Gratuities Company Has the Following Inventory Data: a Physical

Question 73

Multiple Choice

Grape Gratuities Company has the following inventory data: Grape Gratuities Company has the following inventory data: A physical count of merchandise inventory on July 30 reveals that there are 50 units on hand.Using the FIFO inventory method, the amount allocated to ending inventory for July is A) $1,170. B) $1,010. C) $1,070. D) $1,100. A physical count of merchandise inventory on July 30 reveals that there are 50 units on hand.Using the FIFO inventory method, the amount allocated to ending inventory for July is


A) $1,170.
B) $1,010.
C) $1,070.
D) $1,100.

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