Metro Computer Company Had the Following Balances and Transactions During

question 6

Multiple Choice

Metro Computer Company had the following balances and transactions during 2014. What would the Inventory amount be as reported on the balance sheet at 31 December 2014 if the perpetual First- In, First- Out costing method is used? (Answers are rounded to the nearest dollar.)

• A)$8 600
• B)$7 750
• C)$7 000
• D)$8 000

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