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    Financial Accounting Study Set 29
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    Exam 6: Inventory and Cost of Goods Sold
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    Given the Following Data, What Would the Net Income Be
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Given the Following Data, What Would the Net Income Be

Question 19

Question 19

Multiple Choice

Given the following data, what would the net income be if the company uses LIFO? Given the following data, what would the net income be if the company uses LIFO?   A) $ 8,960 B) $12,720 C) $ 6,800 D) $13,440


A) $ 8,960
B) $12,720
C) $ 6,800
D) $13,440

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