Using the fifo perpetual inventory method

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Reference no: EM13906768

McCarthy Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each. 11 units are sold on October 4. Using the FIFO perpetual inventory method, what is the value of inventory after the October 4 sale?

$3,485.

$3,445.

$3,500.

$3,472.

$3,461

Reference no: EM13906768

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