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Grape Gratuities Company Has the Following Inventory Data: a Physical

Question 248

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 25 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is A) $585. B) $505. C) $535. D) $550. A physical count of merchandise inventory on July 30 reveals that there are 25 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is


A) $585.
B) $505.
C) $535.
D) $550.

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