a companys inventory records report the following august 1 begining balancw 16 units at 6.00 5th purchase 11 units at 5.00 12th purchase 15 units at 6.00 on august 15 it sold 32 units using the FIFO what is the value of the inventory at august 15th after the sale 192 60 80 420 if not shown what is the answer?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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a companys inventory records report the following

august 1 begining balancw 16 units at 6.00

5th purchase 11 units at 5.00

12th purchase 15 units at 6.00

on august 15 it sold 32 units using the FIFO what is the value of the inventory at august 15th after the sale

192

60

80

420

if not shown what is the answer?

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