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Use the Following Inventory Related Information for Questions Below

Question 57

Multiple Choice

Use the following inventory related information for Questions below
On September 1, the beginning inventory was 110 units at $50 each. Purchases and sales during September were:
Use the following inventory related information for Questions below On September 1, the beginning inventory was 110 units at $50 each. Purchases and sales during September were: -What is the cost of inventory on September 30 if the periodic LIFO costing alternative is used? A) $7,160 B) $5,520 C) $6,620 D) $6,500
-What is the cost of inventory on September 30 if the periodic LIFO costing alternative is used?


A) $7,160
B) $5,520
C) $6,620
D) $6,500

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