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    Intermediate Accounting Study Set 4
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    Exam 11: Short-Term Operating Assets: Inventory
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    Lorna Company Has the Following Data Available: the Estimated
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Lorna Company Has the Following Data Available: the Estimated

Question 22

Question 22

Multiple Choice

Lorna Company has the following data available: Lorna Company has the following data available:   The estimated cost of the ending inventory using the gross profit method is ________. A) $90,000 B) $160,000 C) $480,000 D) $570,000 The estimated cost of the ending inventory using the gross profit method is ________.


A) $90,000
B) $160,000
C) $480,000
D) $570,000

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