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Chris M., M.S.W. Social Work
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15. Use the FIFO method to determine Mahalyks value of ending

Resolved Question:

15. Use the FIFO method to determine Mahalyk's value of ending inventory at the end of July if they had 70.5 jet skis left in inventory. (Points: 5)
$230,625
$210,000
$255,000
$212,500


16. Estimate the cost of ending inventory based on the retail method using the following information:

Cost Retail
Beginning Inventory $ 600,000 $ 800,000
Purchases $ 450,000 $ 600,000
Net Sales $1,000,000






(Points: 5)
$150,000
$262,500
$300,00
Submitted: 5 years ago.
Category: Homework
Expert:  Chris M. replied 5 years ago.
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