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.

Ver imagen jafransp

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