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Lionworks Enterprises Had the Following Inventory Data

Question 50

Multiple Choice

Lionworks Enterprises had the following inventory data: Lionworks Enterprises had the following inventory data: Assuming FIFO, what is the cost of goods sold for the July 14 sale? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) A) $441 B) $416 C) $444 D) $456
Assuming FIFO, what is the cost of goods sold for the July 14 sale? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)


A) $441
B) $416
C) $444
D) $456

Correct Answer:

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