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Lois's Furniture Uses a Periodic Inventory System

Question 8

Multiple Choice

Lois's Furniture uses a periodic inventory system. Lois sold 45 tables during August. Other data for August include: Lois's Furniture uses a periodic inventory system. Lois sold 45 tables during August. Other data for August include: Ending inventory under the LIFO method is: A) $6,440. B) $5,550. C) $2,590. D) $1,700. Ending inventory under the LIFO method is:


A) $6,440.
B) $5,550.
C) $2,590.
D) $1,700.

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