Multiple Choice
In 20X2, Landings, Inc. provided the following items in their footnotes. Their cost of goods available for sale was $4.5 billion under FIFO costing and their ending inventory value under FIFO costing was $2.1 billion. Their purchases were $4.1 billion. What was their opening inventory?
A) $0.4 billion
B) $2.0 billion
C) $2.4 billion
D) $6.2 billion
Correct Answer:
Verified
Correct Answer:
Verified
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