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Suppose a company that handles medical supplies has these inventory records for October 2022: Date Item Quantity Per Unit Oct. 1 Beg. Inv. 150 $36.00 Oct. 4 Purchase 188 $35.50 Oct. 7 Sale 225 $72.00 Oct. 13 Purchase 165 $35.00 Oct. 19 Purchase 113 $34.40 Oct. 22 Sale 285 $72.75 Oct. 24 Purchase 150 $34.00 Oct. 28 Sale 83 $73.50 The company uses the periodic inventory method. Round answer to the nearest dollar. Ending Inventory using FIFO is Select one: O о O ☆ a. $6,101 b. $5,891 c. $4,335 d. $4,491 e. $4,647

Suppose a company that handles medical supplies has these inventory records for October 2022: Date Item Quantity Per Unit Oct. 1 Beg. Inv. 150 $36.00 Oct. 4 Purchase 188 $35.50 Oct. 7 Sale 225 $72.00 Oct. 13 Purchase 165 $35.00 Oct. 19 Purchase 113 $34.40 Oct. 22 Sale 285 $72.75 Oct. 24 Purchase 150 $34.00 Oct. 28 Sale 83 $73.50 The company uses the periodic inventory method. Round answer to the nearest dollar. Ending Inventory using FIFO is Select one: O о O ☆ a. $6,101 b. $5,891 c. $4,335 d. $4,491 e. $4,647

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Suppose a company that handles medical supplies has these inventory records for October 2022: Date Item Quantity Per Unit Oct. 1 Beg. Inv. 150 $36.00 Oct. 4 Purchase 188 $35.50 Oct. 7 Sale 225 $72.00 Oct. 13 Purchase 165 $35.00 Oct. 19 Purchase 113 $34.40 Oct. 22 Sale 285 $72.75 Oct. 24 Purchase 150 $34.00 Oct. 28 Sale 83 $73.50 The company uses the periodic inventory method. Round answer to the nearest dollar. Ending Inventory using FIFO is Select one: O о O ☆ a. $6,101 b. $5,891 c. $4,335 d. $4,491 e. $4,647
Transcribed Image Text:Suppose a company that handles medical supplies has these inventory records for October 2022: Date Item Quantity Per Unit Oct. 1 Beg. Inv. 150 $36.00 Oct. 4 Purchase 188 $35.50 Oct. 7 Sale 225 $72.00 Oct. 13 Purchase 165 $35.00 Oct. 19 Purchase 113 $34.40 Oct. 22 Sale 285 $72.75 Oct. 24 Purchase 150 $34.00 Oct. 28 Sale 83 $73.50 The company uses the periodic inventory method. Round answer to the nearest dollar. Ending Inventory using FIFO is Select one: O о O ☆ a. $6,101 b. $5,891 c. $4,335 d. $4,491 e. $4,647
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