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Question 13 Olympus Climbers Company has the following inventory data:

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Question 13

Olympus Climbers Company has the following inventory data:

https://uopcourses.com/category/acc-290/

 

Question 13

Olympus Climbers Company has the following inventory data:

 

July 1

 

Beginning inventory

 

20 units at $19

 

$380

7

 

Purchases

 

70 units at $20

 

1,400

22

 

Purchases

 

10 units at $22

 

220

 

 

 

 

 

 

$2,000

 

A physical count of merchandise inventory on July 30 reveals that there are 32 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is

 

$620.

 

$1,380.

 

$660.

 

$1,340.

        

 

 

 

 

Question 13 Olympus Climbers Company has the following inventory data: https://uopcourses.com/category/acc-290/ Question 13 Olympus Climbers Company has the following inventory data: July 1 Beginning inventory
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