ahmedislife ahmedislife

16-12-2019
Business

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ACME Trading Co uses a perpetual inventory system and provided us with the following information for the month of May FIFO?

ACME Trading Co uses a perpetual inventory system and provided us with the following information for the month of May FIFO class=

Respuesta :

jafransp jafransp

22-12-2019

Answer:

C. $42,000

Explanation:

When the oldest inventories are recorded first after the selling process, it is called First in, first out (FIFO) inventory system.

The following image shows the ending inventory.

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