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Neighborly Industries Has the Following Inventory Information

Question 142

Multiple Choice

Neighborly Industries has the following inventory information. Neighborly Industries has the following inventory information. Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis? A) $3,664 B) $3,674 C) $7,696 D) $7,706 Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis?


A) $3,664
B) $3,674
C) $7,696
D) $7,706

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