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    Financial and Managerial Accounting Study Set 5
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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 97

Question 97

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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