Question: Activities Beginning inventory Date ts August 1. August 5 Purchase eBook August 12 August 15 Purchase Sales Ask Print References Units Acquired at Cost 15
Activities Beginning inventory Date ts August 1. August 5 Purchase eBook August 12 August 15 Purchase Sales Ask Print References Units Acquired at Cost 15 units @ $50 = $750 10 units @$51 - $510 20 units @ $52 = $1,040 Units Sold at Retail 30 units sold Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? Multiple Choice
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