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Atom Company Just Began Business and Made the Following Four

Question 48

Multiple Choice

Atom Company just began business and made the following four inventory purchases in June: Atom Company just began business and made the following four inventory purchases in June: A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand.Using the LIFO inventory method, the value of the ending inventory on June 30 is A) $1,326. B) $1,320. C) $1,404. D) $1,416. A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand.Using the LIFO inventory method, the value of the ending inventory on June 30 is


A) $1,326.
B) $1,320.
C) $1,404.
D) $1,416.

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