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Strods Company Reported the Following Purchases and Sales of Its

Question 202

Multiple Choice

Strods Company reported the following purchases and sales of its only product.Strods uses a perpetual inventory system.Determine the cost assigned to ending inventory using LIFO. Strods Company reported the following purchases and sales of its only product.Strods uses a perpetual inventory system.Determine the cost assigned to ending inventory using LIFO. A) $5,440 B) $2,460 C) $2,590 D) $2,980 E) $2,860


A) $5,440
B) $2,460
C) $2,590
D) $2,980
E) $2,860

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