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    Corporate Financial Accounting Study Set 2
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    Exam 6: Inventories
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    The Inventory Data for an Item for November Are
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The Inventory Data for an Item for November Are

Question 73

Question 73

Multiple Choice

The inventory data for an item for November are:
The inventory data for an item for November are:   Using a perpetual system,what is the cost of the merchandise sold for November if the company uses FIFO? A) $610 B) $600 C) $590 D) $580
Using a perpetual system,what is the cost of the merchandise sold for November if the company uses FIFO?


A) $610
B) $600
C) $590
D) $580

Correct Answer:

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