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The Firm Uses the Periodic System,and There Are 20 Units

Question 76

Multiple Choice

The firm uses the periodic system,and there are 20 units of the commodity on hand at the end of the year.What is the amount of inventory at the end of the year rounded to nearest dollar according to the average cost method?


A) $655
B) $620
C) $690
D) $659

Correct Answer:

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