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    Exam 8: Valuation of Inventories: a Cost-Basis Approach
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    Opera Corp
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Opera Corp

Question 115

Question 115

Multiple Choice

Opera Corp.uses the dollar-value LIFO method of computing its inventory cost.Data for the past four years is as follows: Opera Corp.uses the dollar-value LIFO method of computing its inventory cost.Data for the past four years is as follows:   What is the 2010 inventory balance using dollar-value LIFO? A) $65,000. B) $61,904. C) $122,727. D) $135,000. What is the 2010 inventory balance using dollar-value LIFO?


A) $65,000.
B) $61,904.
C) $122,727.
D) $135,000.

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