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Use the Following Information for Questions 100 and 101

Question 162

Multiple Choice

Use the following information for questions 100 and 101.
Niles Co. has the following data related to an item of inventory: Use the following information for questions 100 and 101. Niles Co. has the following data related to an item of inventory: -The value assigned to ending inventory if Niles uses LIFO is A) $580. B) $552. C) $546. D) $584.
-The value assigned to ending inventory if Niles uses LIFO is


A) $580.
B) $552.
C) $546.
D) $584.

Correct Answer:

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