A company’s inventory records report the following:   August 1 Beginning balance 32 units @ $22 August 5 Purchase 27 units @ $21 August 12 Purchase 31 units @ $22   On August 15, it sold 64 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?

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A: a.

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A: LIFO: last in first out .

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