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With LIFO, Cost of Goods Sold Is $780,000, and Ending

Question 56

Multiple Choice

With LIFO, cost of goods sold is $780,000, and ending inventory is $180,000. If FIFO ending inventory is $260,000, how much is FIFO cost of goods sold?


A) $860,000
B) $780,000
C) $700,000
D) $260,000

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