Multiple Choice
In 20B,Landings,Inc.provided the following items in their footnotes.Their cost of goods available for sale was $4.5 billion under FIFO costing and their ending inventory value under FIFO costing was $2.1 billion.Their purchases were $4.1 billion.What was their opening inventory?
A) $0.4 billion
B) $2.0 billion
C) $2.4 billion
D) $6.2 billion
Correct Answer:
Verified
Correct Answer:
Verified
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