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Lowery Company Uses a Perpetual Inventory System

Question 28

Multiple Choice

Lowery Company uses a perpetual inventory system. The following information is available for the month of March:
Lowery Company uses a perpetual inventory system. The following information is available for the month of March: -Refer to the information provided for Lowery Company. If the company uses the FIFO inventory costing method, how much is ending inventory at March 31st? A) $40 B) $16 C) $12 D) $ 8
-Refer to the information provided for Lowery Company. If the company uses the FIFO inventory costing method, how much is ending inventory at March 31st?


A) $40
B) $16
C) $12
D) $ 8

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