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The Following Inventory Was Available for Sale During the Year

Question 14

Multiple Choice

The following inventory was available for sale during the year for Tower Tools:
The following inventory was available for sale during the year for Tower Tools: Tower 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? A) $ 6,600 B) $11,900 C) $ 6,300 D) $ 7,800 Tower 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?


A) $ 6,600
B) $11,900
C) $ 6,300
D) $ 7,800

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