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Assume beginning inventory of $25,000 (250 units), a purchase on January 3 of $35,000 (300 units), and a purchase on January 18 of $40,000 (310 units).

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(Multiple Choice)Assume beginning inventory of $25,000 (250 units), a purchase on January 3 of $35,000

(300 units), and a purchase on January 18 of $40,000 (310 units).  500 units were sold on January 15.  Using perpetual FIFO, January’s ending inventory is:  A.   $36,000. B.   $37,833. C.   $45,000. D.   $45,833. E.   None of these.

 
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