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During the Past Year, Franklin Industries Sold 562 Calculators

Question 16

Multiple Choice

During the past year, Franklin Industries sold 562 calculators. Inventory records for the year are as follows: During the past year, Franklin Industries sold 562 calculators. Inventory records for the year are as follows: Using the FIFO method of inventory pricing, calculate the dollar value of the ending inventory. A) $7,324.00 B) $9,874.00 C) $10,815.50 D) $14,834.50 Using the FIFO method of inventory pricing, calculate the dollar value of the ending inventory.


A) $7,324.00
B) $9,874.00
C) $10,815.50
D) $14,834.50

Correct Answer:

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