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    Business
  3. Study Set
    Intermediate Accounting Study Set 1
  4. Exam
    Exam 8: Inventory
  5. Question
    Use the Following Information for the Following Questions
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Use the Following Information for the Following Questions

Question 3

Question 3

Multiple Choice

Use the following information for the following questions:
Transactions for Durham Ltd. for the month of June were:
Use the following information for the following questions: Transactions for Durham Ltd. for the month of June were:    -The ending inventory on a FIFO basis is A)  $2,100. B)  $2,065. C)  $1,920. D)  $1,900.
-The ending inventory on a FIFO basis is


A) $2,100.
B) $2,065.
C) $1,920.
D) $1,900.

Correct Answer:

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