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Lionworks Enterprises Had the Following Inventory Data

Question 98

Multiple Choice

Lionworks Enterprises had the following inventory data: Lionworks Enterprises had the following inventory data: Assuming LIFO, 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) $224 B) $200 C) $214 D) $192
Assuming LIFO, 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) $224
B) $200
C) $214
D) $192

Correct Answer:

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