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Use This Inventory Information for the Month of March to Answer

Question 2

Multiple Choice

Use this inventory information for the month of March to answer the following questions. Use this inventory information for the month of March to answer the following questions. Assuming that a perpetual inventory system is used, what is ending inventory on a LIFO basis? A) More information is needed. B) $5,120 C) $2,720 D) $2,880 Assuming that a perpetual inventory system is used, what is ending inventory on a LIFO basis?


A) More information is needed.
B) $5,120
C) $2,720
D) $2,880

Correct Answer:

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