Pop-Up Party Favors Inc Has the Following Inventory Data

question 168

Multiple Choice

Pop-up Party Favors Inc has the following inventory data: A physical count of merchandise inventory on July 30 reveals that there are 32 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is

• A) $620.
• B) $660.
• C) $640.
• D) $704.

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