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Shandy Shutters Has the Following Inventory Information

Question 38

Multiple Choice

Shandy Shutters has the following inventory information. Shandy Shutters has the following inventory information. A physical count of merchandise inventory on November 30 reveals that there are 50 units on hand. Assume a periodic inventory system is used. Ending inventory under LIFO is A) $438. B) $421. C) $846. D) $863. A physical count of merchandise inventory on November 30 reveals that there are 50 units on hand. Assume a periodic inventory system is used. Ending inventory under LIFO is


A) $438.
B) $421.
C) $846.
D) $863.

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