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Business, 07.04.2020 15:44 walkinginmypurpose

The following inventory was available for sale during the year for Thomasina Tools:

Beginning inventory 10 units at $80

First purchase 15 units at $110

Second purchase 30 units at $140

Third purchase 20 units at $130

Thomasina Tools has 25 units on hand at the end of the year.

What is the dollar amount of inventory at the end of the year according to the first-in, first-out method?

Select one:

A. $5,950

B. $3,300

C. $3,150

D. $3,900

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Answers: 2

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The following inventory was available for sale during the year for Thomasina Tools:

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