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A Company Purchases and Sells Roofoo

question 5

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A company purchases and sells Roofoo. It began last year with five units of Roofoo on hand at a cost of $10 each, and during the year its purchases and sales were as follows:
A company purchases and sells Roofoo. It began last year with five units of Roofoo on hand at a cost of $10 each, and during the year its purchases and sales were as follows:   What was the value of the ending inventory of Roofoo, using the FIFO assumption? A)  $30 B)  $39 C)  $45 D)  $15
What was the value of the ending inventory of Roofoo, using the FIFO assumption?


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