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Swiss-Mart Company's Beginning Inventory Balance and Purchase and Sales Transactions

Question 27

Multiple Choice

Swiss-Mart Company's beginning inventory balance and purchase and sales transactions for the month of June were as follows: Swiss-Mart Company's beginning inventory balance and purchase and sales transactions for the month of June were as follows: Assuming that the company keeps perpetual inventory records, Swiss-Mart's inventory at June 30 on a LIFO basis is A) CHF3,000. B) CHF3,200. C) CHF3,300. D) CHF3,500. Assuming that the company keeps perpetual inventory records, Swiss-Mart's inventory at June 30 on a LIFO basis is


A) CHF3,000.
B) CHF3,200.
C) CHF3,300.
D) CHF3,500.

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