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A physical inventory showed that only $369.00 worth of general office supplies remained on hand as of June 30. This did not include any of the Super RoutePro. There were 5 units of Super RoutePro on hand. We use FIFO to determine the valuation of the supplies.

Office Supplies was beginning at 2,625. First bought 10 units at 40 each, and 10 more units at 41 each.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9407402

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