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A Company Just Starting Business Made the Following Four Inventory

Question 203

Multiple Choice

A company just starting business made the following four inventory purchases in June: A company just starting business made the following four inventory purchases in June: A physical count of merchandise inventory on June 30 reveals that there are 100 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is A) ¥3,467. B) ¥4,400. C) ¥23,600. D) ¥24,533. A physical count of merchandise inventory on June 30 reveals that there are 100 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is


A) ¥3,467.
B) ¥4,400.
C) ¥23,600.
D) ¥24,533.

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