Question: Choose correct answer. The following data was extracted from the records of Winsam Company: Sales revenue 450 units @ $35 per unit Beginning inventory 100

Choose correct answer.

Choose correct answer. The following data was extracted from the records of

The following data was extracted from the records of Winsam Company: Sales revenue 450 units @ $35 per unit Beginning inventory 100 units at $16 per unit Purchases 400 units at $20 per unit Winsam's most recent balance sheet showed ending inventory of $800. Which method was used for valuing inventory? Specific identification FIFO Average - cost LIFO

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