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Use This Inventory Information for the Month of May to Answer

Question 137

Multiple Choice

Use this inventory information for the month of May to answer the following question. Use this inventory information for the month of May to answer the following question. Assuming that a periodic inventory system is used What is ending inventory under the LIFO method? A) $2,720 B) $2,800 C) More information is needed. D) $2,880 Assuming that a periodic inventory system is used
What is ending inventory under the LIFO method?


A) $2,720
B) $2,800
C) More information is needed.
D) $2,880

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