[The following information applies to the questions displayed below.]
The following information has been taken from the perpetual inventory system of Elite Mfg.Co.for the month ended August 31:
![[The following information applies to the questions displayed below.] The following information has been taken from the perpetual inventory system of Elite Mfg.Co.for the month ended August 31: -The total amount of inventory to be included in Elite's August 31st balance sheet amounts to: A) $135,000. B) $210,000. C) $160,000. D) Some other amount.](https://d2lvgg3v3hfg70.cloudfront.net/TB1009/11eaae1a_a2cf_522d_b09f_bb78870db588_TB1009_00_TB1009_00_TB1009_00_TB1009_00.jpg)
![[The following information applies to the questions displayed below.] The following information has been taken from the perpetual inventory system of Elite Mfg.Co.for the month ended August 31: -The total amount of inventory to be included in Elite's August 31st balance sheet amounts to: A) $135,000. B) $210,000. C) $160,000. D) Some other amount.](https://d2lvgg3v3hfg70.cloudfront.net/TB1009/11eaae1a_a2cf_793e_b09f_37c5233e4c38_TB1009_00_TB1009_00_TB1009_00_TB1009_00.jpg)
-The total amount of inventory to be included in Elite's August 31st balance sheet amounts to:
A) $135,000.
B) $210,000.
C) $160,000.
D) Some other amount.
Correct Answer:
Verified
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