(Solved by Humans)-Zimt AG started business in 2007 and uses the FIFO method. During 2007, it purchased 45,000 units...
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Zimt AG started business in 2007 and uses the FIFO method. During 2007, it purchased 45,000 units of inventory at €10 each and sold 40,000 units for €20 each. In 2008, it purchased another 50,000 units at €11 each and sold 45,000 units for €22 each. Its 2008 ending inventory balance (€ thousands) was closest to: A. €105. B. €109. C. €110.
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This question was answered on: 10 May, 2025
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