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The Annual Inventory of Lowest Price Retailers Shows the Following

Question 15

Multiple Choice

The annual inventory of Lowest Price Retailers shows the following information for handheld computers: The annual inventory of Lowest Price Retailers shows the following information for handheld computers: If 839 handheld computers were in stock on December 31, find the value of the ending inventory using the FIFO method of inventory pricing. A) $113,209 B) $170,141 C) $202,241 D) $228,341 If 839 handheld computers were in stock on December 31, find the value of the ending inventory using the FIFO method of inventory pricing.


A) $113,209
B) $170,141
C) $202,241
D) $228,341

Correct Answer:

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