Multiple Choice
In 20X2, Landings Inc. provided the following items in their footnotes. Its cost of goods available for sale was $6.2 billion under FIFO costing and its ending inventory value under FIFO costing was $2.1 billion. Its opening inventory was $2.5 billion. What was its purchases?
A) $3.7 billion
B) $4.1 billion
C) $4.6 billion
D) $8.3 billion
Correct Answer:
Verified
Correct Answer:
Verified
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