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Question 147

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Use the following information for questions . Use the following information for questions . -What should be the inventory reported on Queen's July 31 statement of financial position using the average-cost inventory method (round per unit amounts to two decimal places) ? A) £108,000. B) £117,600. C) £118,440. D) £126,000.
-What should be the inventory reported on Queen's July 31 statement of financial position using the average-cost inventory method (round per unit amounts to two decimal places) ?


A) £108,000.
B) £117,600.
C) £118,440.
D) £126,000.

Correct Answer:

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