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    Financial Accounting Study Set 28
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    Exam 6: Reporting and Analyzing Inventory
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    Noise Makers Inc Has the Following Inventory Data: a Physical
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Noise Makers Inc Has the Following Inventory Data: a Physical

Question 137

Question 137

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 32 units on hand. Using the average cost method, the value of ending inventory is A)  $620. B)  $640. C)  $651. D)  $660. A physical count of merchandise inventory on July 30 reveals that there are 32 units on hand. Using the average cost method, the value of ending inventory is


A) $620.
B) $640.
C) $651.
D) $660.

Correct Answer:

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