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    Intermediate Accounting Study Set 9
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    Exam 8: Valuation of Inventories: a Cost-Basis Approach
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    Opera Corp
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Opera Corp

Question 104

Question 104

Multiple Choice

Opera Corp. uses the dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Opera Corp. uses the dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:   What is the 2013 inventory balance using dollar-value LIFO? A)  $390,000. B)  $371,424. C)  $736,362. D)  $810,000. What is the 2013 inventory balance using dollar-value LIFO?


A) $390,000.
B) $371,424.
C) $736,362.
D) $810,000.

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