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Question(s) / Instruction(s):

A company has inventory of 16 units at a cost of $16 each on August 1. On August 5, it purchased 10 units at $14 per unit. On August 12 it purchased 20 units at $18 per unit. On August 15, it sold 30 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? A. $256 B. $288 C. $224 D. $480 E. $540

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