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Kramer Company Values Its Inventory by Using the Retail Method

Question 55

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Kramer Company values its inventory by using the retail method (LIFO basis, stable prices) . The following information is available for the year 2014. Kramer Company values its inventory by using the retail method (LIFO basis, stable prices) . The following information is available for the year 2014. At what amount would Kramer Company report its ending inventory? A) $95,700. B) $96,000. C) $100,300. D) $102,000. At what amount would Kramer Company report its ending inventory?


A) $95,700.
B) $96,000.
C) $100,300.
D) $102,000.

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