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    Fundamental Financial Accounting Concepts
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    Exam 5: Accounting for Inventories
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    Use the Following Information for Questions
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Use the Following Information for Questions

Question 16

Question 16

Multiple Choice

Use the following information for questions
The inventory records for Radford Co.reflected the following
Use the following information for questions  The inventory records for Radford Co.reflected the following    -Determine the amount of gross margin assuming the FIFO cost flow method. A) $2,920 B) $3,420 C) $3,000 D) $4,020
-Determine the amount of gross margin assuming the FIFO cost flow method.


A) $2,920
B) $3,420
C) $3,000
D) $4,020

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