Using the information outlined above what is the value of, Accounting Basics

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Using the information outlined above what is the value of

The inventory transactionsare as follows:

Units Unit cost ExtendedValue

Beginninginventory 300 $20 $6,000

Purchases2-10-2002 400 $22 8,800

Purchases2-20-2002 200 $23 4,600

Available 900 $19,400

Sales 2-15-2002 500

EndingInventory 400

Using the information outlined above, what is the value of theending inventory for a perpetual inventory system using theFIFO inventory valuation?

A. $8,000.00

B. $8,200.00

C. $8,600.00

D. $8,828.55

E. $9,000.00

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Accounting Basics: Using the information outlined above what is the value of

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Accounting Basics: Using the information outlined above what is the value of

Reference No:- TGS0597347

Recent Questions Asked Accounting Basics

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