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Eneri Company's Inventory Records Show the Following Data: a Physical

Question 166

Multiple Choice

Eneri Company's inventory records show the following data: Eneri Company's inventory records show the following data: A physical inventory on December 31 shows 4,000 units on hand. Eneri sells the units for $13 each. The company has an effective tax rate of 20%. Eneri uses the periodic inventory method. Under the LIFO method, cost of goods sold is A) $28,000. B) $169,200. C) $173,040. D) $178,000. A physical inventory on December 31 shows 4,000 units on hand. Eneri sells the units for $13 each. The company has an effective tax rate of 20%. Eneri uses the periodic inventory method. Under the LIFO method, cost of goods sold is


A) $28,000.
B) $169,200.
C) $173,040.
D) $178,000.

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