Goodman Company's Inventory Records Show the Following Data: a Physical

question 114

Multiple Choice

Goodman Company's inventory records show the following data: A physical inventory on December 31 shows 6,000 units on hand. Under the FIFO method, the December 31 inventory is

• A)$42,000.
• B)$49,200.
• C)$49,392.
• D)$54,000.

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