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Olympus Climbers Company Has the Following Inventory Data: a Physical

Question 25

Multiple Choice

Olympus Climbers Company has the following inventory data: Olympus Climbers Company has the following inventory data: A physical count of merchandise inventory on July 30 reveals that there are 32 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is A) $620. B) $660. C) $1,340. D) $1,380. A physical count of merchandise inventory on July 30 reveals that there are 32 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is


A) $620.
B) $660.
C) $1,340.
D) $1,380.

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