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    Fundamental Financial Accounting Concepts Study Set 1
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    Exam 5: Accounting for Inventories
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    Chase CoUses the Perpetual Inventory Method
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Chase CoUses the Perpetual Inventory Method

Question 49

Question 49

Multiple Choice

Chase Co.uses the perpetual inventory method.The inventory records for Chase reflected the following information:
Chase Co.uses the perpetual inventory method.The inventory records for Chase reflected the following information:    -Assuming Chase uses a FIFO cost flow method,what is the ending inventory on January 31? A) $345 B) $340 C) $330 D) $1,020
-Assuming Chase uses a FIFO cost flow method,what is the ending inventory on January 31?


A) $345
B) $340
C) $330
D) $1,020

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