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Use This Inventory Information for the Month of August to Answer

Question 156

Multiple Choice

Use this inventory information for the month of August to answer the following question. Use this inventory information for the month of August to answer the following question. Assuming that a perpetual inventory system is used. -What is ending inventory on a FIFO basis? A) $3,904 B) $3,984 C) $4,024 D) More information is needed. Assuming that a perpetual inventory system is used.
-What is ending inventory on a FIFO basis?


A) $3,904
B) $3,984
C) $4,024
D) More information is needed.

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