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Eller Company Uses a Periodic Inventory System

Question 60

Multiple Choice

Eller Company uses a periodic inventory system. Relevant inventory information for the year follows: Eller Company uses a periodic inventory system. Relevant inventory information for the year follows: At year-end, 50 units remain in inventory. What is the cost of the ending inventory on a LIFO basis? A) $7,950 B) $7,100 C) $8,750 D) $8,450 At year-end, 50 units remain in inventory. What is the cost of the ending inventory on a LIFO basis?


A) $7,950
B) $7,100
C) $8,750
D) $8,450

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