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    Accounting Study Set 1
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    Exam 6: Merchandise Inventory
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    When Using the LIFO Inventory Costing Method and the Periodic
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When Using the LIFO Inventory Costing Method and the Periodic

Question 141

Question 141

True/False

When using the LIFO inventory costing method and the periodic inventory method,the ending inventory comes from the newest costs of the period.

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