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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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    The Following Information Was Derived from the 2014 Accounting Records
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The Following Information Was Derived from the 2014 Accounting Records

Question 120

Question 120

Multiple Choice

The following information was derived from the 2014 accounting records of Perez Co.: The following information was derived from the 2014 accounting records of Perez Co.:   Perez's 2014 cost of sales was A)  $520,000. B)  $550,000. C)  $584,000. D)  $589,000. Perez's 2014 cost of sales was


A) $520,000.
B) $550,000.
C) $584,000.
D) $589,000.

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