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On December 31, 2014, Pacer Co

Question 162

Multiple Choice

On December 31, 2014, Pacer Co. adopted the dollar-value LIFO retail inventory method. Inventory data for 2015 are as follows: On December 31, 2014, Pacer Co. adopted the dollar-value LIFO retail inventory method. Inventory data for 2015 are as follows: Under the LIFO retail method, Pacer's inventory at December 31, 2015, should be A) $904,000. B) $962,500. C) $977,500. d $1,000,250. Under the LIFO retail method, Pacer's inventory at December 31, 2015, should be


A) $904,000.
B) $962,500.
C) $977,500. d $1,000,250.

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