Question: Based on journal entries below for 2015 and 2016, what is the ASSETS TOTAL in 2016? Apply FIFO. 2015 2016 You contributed $100 cash to

 Based on journal entries below for 2015 and 2016, what is

Based on journal entries below for 2015 and 2016, what is the ASSETS TOTAL in 2016? Apply FIFO. 2015 2016 You contributed $100 cash to start business You contributed $60 cash to your business You purchased 6 products @ $10, with A/P You purchased 2 products @ $15, with Cash You sold 3 products @$30 with AR You sold 4 products @$30 with cash Record COGS (FIFO) Record COGS (FIFO) You paid $30 to your supplier. You received $50 from your customer. O 315 O 320 0.330 340

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