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Purchases and Sales During a Recent Period for Casora Inc

Question 138

Multiple Choice

Purchases and sales during a recent period for Casora Inc. were as follows:
Purchases and sales during a recent period for Casora Inc. were as follows: - Refer to Exhibit 7-4. Beginning inventory was 100 units at $2 each. Given this information, what is the ending inventory if the periodic LIFO costing alternative is used? A) $400 B) $500 C) $1,250 D) $3,100
- Refer to Exhibit 7-4. Beginning inventory was 100 units at $2 each. Given this information, what is the ending inventory if the periodic LIFO costing alternative is used?


A) $400
B) $500
C) $1,250
D) $3,100

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