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Moroni Industries Has the Following Inventory Information

Question 111

Multiple Choice

Moroni Industries has the following inventory information. Moroni Industries has the following inventory information. Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis? A) $11,500 B) $11,520 C) $33,960 D) $33,980 Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis?


A) $11,500
B) $11,520
C) $33,960
D) $33,980

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