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Calculate the value of inventory on hand at june

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Reference no: EM132941127

A-Z Enterprises is a small business, selling board games. Given below are the sales and purchases for the board game 'Where is Carmen?' for the month of June 2021.

The selling price for 'Where is Carmen?' was constant at $75 per game until 25 June 2021 when the selling price was increased to $80 per game.

Problem 1: Using the periodic inventory method, calculate the value of inventory on hand at 30 June 2021 using the F.I.F.O. (First-In-First-Out) inventory valuation method.

Reference no: EM132941127

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