Using the FIFO perpetual inventory method

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Reference no: EM13911844

A company’s inventory records report the following:

August 1 Beginning balance 15 units @ $12

August 5 Purchase 10 units @ $13

August 12 Purchase 20 units @ $14

On August 15, it sold 30 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?

$140

$160

$210

$380

$590

Reference no: EM13911844

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