Pharoah Company has the following inventory data: July 1 Beginning inventory 150 units at $19 $2850 7 Purchases 525 units at $20 10500 22 Purchases 75 units at $22 1650 $15000 A physical count of merchandise inventory on July 30 reveals that there are 250 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is O $4850. O $5150. O $5000. O $5500.

Pharoah Company has the following inventory data: July 1 Beginning inventory 150 units at $19 $2850 7 Purchases 525 units at $20 10500 22 Purchases 75 units at $22 1650 $15000 A physical count of merchandise inventory on July 30 reveals that there are 250 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is O $4850. O $5150. O $5000. O $5500.

Name: Pharoah Company has the following inventory data:July 1Beginning inve
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Description: Pharoah Company has the following inventory data:July 1Beginning inventory150 units at $19$28507Purchases525 units at $201050022Purchases75 units at $221650$15000A physical count of merchandise inventory on July 30 reveals that there are 250 units o

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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