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Connie Corporation has provided the following Information for its most recent month of operation: sales...

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Accounting

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Connie Corporation has provided the following Information for its most recent month of operation: sales $8,000; beginning Inventory $1,000; ending Inventory $2,000 and gross profit $5,000. How much were Connle's Inventory purchases during the period? Multiple Choice $9.000 O $5,000 O $4.000 lo $6,000. Wellesely Corporation has provided the following Information about one of its laptop computers: Date Transaction 1/1 Beginning Inventory 5/5 Purchase 8/10 Purchase 10/15 Purchase Number of Units 100 200 300 200 Cost per Unit 800 $ 900 $ 1,000 $ 1,100 During the year, Wellesley sold 750 laptop computers. What was ending Inventory using the FIFO cost flow assumption? Multiple Choice $45.000 O $55.000 O O O $60.000. O $40.000 Which of the following businesses would not be as likely to use the specific identification method of Inventory valuation? Multiple Choice An art dealer. A custom jewelry store O O A grocery store. An automobile dealer

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