Products in an electronics store consist of the following: 20 TVs delivered on January 10...
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Accounting
Products in an electronics store consist of the following: 20 TVs delivered on January 10 at a cost of $100 each and 30 TVs delivered on February 2 at a cost of $110. They are all the same model. Using the FIFO inventory method, what would the remaining value of inventory be if 15 TVs were sold on February 28? Select one: a. $5,300 b. $3,800 c. $3,650 d. $3,710
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