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    Financial Accounting Study Set 4
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    Exam 5: Inventory
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    Lionworks Enterprises Had the Following Inventory Data
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Lionworks Enterprises Had the Following Inventory Data

Question 16

Question 16

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? A) $232 B) $214 C) $228 D) $208
Assuming LIFO,what is the ending inventory after the July 14 sale?


A) $232
B) $214
C) $228
D) $208

Correct Answer:

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