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Use This Inventory Information for the Month of November to Answer

Question 163

Multiple Choice

Use this inventory information for the month of November to answer the following question. Use this inventory information for the month of November to answer the following question. Assuming that a periodic inventory system is used,what is cost of goods sold on a LIFO basis? A) $15,392 B) $15,472 C) $7,328 D) $7,408 Assuming that a periodic inventory system is used,what is cost of goods sold on a LIFO basis?


A) $15,392
B) $15,472
C) $7,328
D) $7,408

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