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Radical Radials Company Has the Following Inventory Data: a Physical

Question 221

Multiple Choice

Radical Radials Company has the following inventory data: Radical Radials Company has the following inventory data: A physical count of merchandise inventory on July 30 reveals that there are 32 units on hand. Using the LIFO inventory method, the amount allocated to ending inventory for July is A) $620 B) $608 C) $640 D) $704. A physical count of merchandise inventory on July 30 reveals that there are 32 units on hand. Using the LIFO inventory method, the amount allocated to ending inventory for July is


A) $620
B) $608
C) $640
D) $704.

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