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    Intermediate Accounting IFRS Study Set 2
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    Exam 8: Valuation of Inventories: a Cost-Basis Approach
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    What Is the Cost of the Ending Inventory at December
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What Is the Cost of the Ending Inventory at December

Question 71

Question 71

Multiple Choice

What is the cost of the ending inventory at December 31, 2012 under dollar-value LIFO?


A) $256,240.
B) $254,800.
C) $250,000.
D) $263,400.

Correct Answer:

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