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What is the value of the inventory at august

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Question - A company's inventory records report the following:

August 1

Beginning balance

18 units @ $8

August 5

Purchase

13 units @ $7

August 12

Purchase

17 units @ $8

On August 15, it sold 36 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?

$116

$576

$96

$372

$288

Reference no: EM132072558

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