Samson Company Had the Following Balances and Transactions During 2013

question 68

Multiple Choice

Samson Company had the following balances and transactions during 2013. What would the company's Inventory amount be on the December 31, 2013 balance sheet if the perpetual First-In, First-Out costing method is used? (Answers are rounded to the nearest dollar.)

• A)$490
• B)$540
• C)$560
• D)$554

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