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    Using Financial Accounting Study Set 1
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    Exam 5: Inventories and Cost of Goods Sold
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    Eversoll Inc
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Eversoll Inc

Question 59

Question 59

Multiple Choice

Eversoll Inc. uses the periodic inventory system. Eversoll Inc. uses the periodic inventory system.   If Eversoll uses the FIFO inventory method, the amount assigned to the June 30 inventory would be A)  $1,354.00 B)  $1,366.50 C)  $1,590.42 D)  $1,594.00 If Eversoll uses the FIFO inventory method, the amount assigned to the June 30 inventory would be


A) $1,354.00
B) $1,366.50
C) $1,590.42
D) $1,594.00

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