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Classic Floors Has the Following Inventory Data: Assuming That

Question 3

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Classic Floors has the following inventory data: Classic Floors has the following inventory data: Assuming that a perpetual inventory system is used, what is the value of ending inventory on a LIFO basis for July? A) $465.60 B) $702.00 C) $354.00 D) $236.40 Assuming that a perpetual inventory system is used, what is the value of ending inventory on a LIFO basis for July?


A) $465.60
B) $702.00
C) $354.00
D) $236.40

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