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Berring Sales Uses LIFO

Question 23

Multiple Choice

Berring Sales uses LIFO. The partially completed inventory record for January appears below. Berring Sales uses LIFO. The partially completed inventory record for January appears below. On 14 January, the company sold 10 units. On 29 January, the company sold 50 units. Complete the inventory record through to the 14 January sale, and calculate the Inventory balance after the 14 January sale. (Please round to the nearest whole dollar.) A) $330 B) $228 C) $380 D) $230 Berring Sales uses LIFO. The partially completed inventory record for January appears below. On 14 January, the company sold 10 units. On 29 January, the company sold 50 units. Complete the inventory record through to the 14 January sale, and calculate the Inventory balance after the 14 January sale. (Please round to the nearest whole dollar.) A) $330 B) $228 C) $380 D) $230 On 14 January, the company sold 10 units. On 29 January, the company sold 50 units. Complete the inventory record through to the 14 January sale, and calculate the Inventory balance after the 14 January sale. (Please round to the nearest whole dollar.)


A) $330
B) $228
C) $380
D) $230

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