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Lionworks Enterprises Had the Following Inventory Data

Question 107

Multiple Choice

Lionworks Enterprises had the following inventory data: Lionworks Enterprises had the following inventory data: Assuming FIFO, what is the ending inventory after the July 14 sale? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) A) $204 B) $65 C) $228 D) $206
Assuming FIFO, what is the ending inventory after the July 14 sale? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)


A) $204
B) $65
C) $228
D) $206

Correct Answer:

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