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Graham Company Uses a Periodic Inventory System

Question 50

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Graham Company uses a periodic inventory system.Details for the inventory account for the month of January, 2011 are as follows: Graham Company uses a periodic inventory system.Details for the inventory account for the month of January, 2011 are as follows: An end of the month (1/31/11) inventory showed that 180 units were on hand.If the company uses FIFO, what is the value of the ending inventory? A) $780 B) $900 C) $984 D) $2,136 An end of the month (1/31/11) inventory showed that 180 units were on hand.If the company uses FIFO, what is the value of the ending inventory?


A) $780
B) $900
C) $984
D) $2,136

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