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    Exam 7: Inventories
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    What Is the Amount of Cost of Merchandise Sold for the Year
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What Is the Amount of Cost of Merchandise Sold for the Year

Question 21

Question 21

Multiple Choice

What is the amount of cost of merchandise sold for the year according to the LIFO method?


A) $1,380
B) $1,375
C) $1,510
D) $1,250

Correct Answer:

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