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    Using Financial Accounting Study Set 1
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    Exam 5: Inventories and Cost of Goods Sold
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    Eversoll Inc
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Eversoll Inc

Question 77

Question 77

Multiple Choice

Eversoll Inc. uses the periodic inventory system. Eversoll Inc. uses the periodic inventory system.   If Eversoll uses the LIFO inventory method, the cost of goods sold for June would be A)  $1,354.00 B)  $2,200.00 C)  $2,272.50 D)  $2,296.08 If Eversoll uses the LIFO inventory method, the cost of goods sold for June would be


A) $1,354.00
B) $2,200.00
C) $2,272.50
D) $2,296.08

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