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Tedder Uses a Periodic Inventory System

Question 133

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Tedder uses a periodic inventory system. At the end of January, 20 units were on hand. The following additional information is available for the month of January:
Tedder uses a periodic inventory system. At the end of January, 20 units were on hand. The following additional information is available for the month of January: -Refer to the information provided for Tedder Co. If the company uses the LIFO inventory method, how much is inventory on the balance sheet at the end of January? A) $40 B) $50 C) $58 D) $60
-Refer to the information provided for Tedder Co. If the company uses the LIFO inventory method, how much is inventory on the balance sheet at the end of January?


A) $40
B) $50
C) $58
D) $60

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