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Pop-Up Party Favors Inc Has the Following Inventory Data

Question 70

Multiple Choice

Pop-up Party Favors Inc has the following inventory data: Pop-up Party Favors Inc has the following inventory data: A physical count of merchandise inventory on July 30 reveals that there are 32 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is A) $620. B) $660. C) $640. D) $704. A physical count of merchandise inventory on July 30 reveals that there are 32 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is


A) $620.
B) $660.
C) $640.
D) $704.

Correct Answer:

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