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    Financial Accounting Study Set 5
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    Exam 7: Inventories
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    Use This Information to Answer the Following Question
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Use This Information to Answer the Following Question

Question 119

Question 119

Multiple Choice

Use this information to answer the following question. Use this information to answer the following question.   A periodic inventory system is used. Using LIFO,cost of goods sold is A)  $1,740. B)  $4,464. C)  $1,332. D)  $4,056. A periodic inventory system is used.
Using LIFO,cost of goods sold is


A) $1,740.
B) $4,464.
C) $1,332.
D) $4,056.

Correct Answer:

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