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Left Images Printing Uses Perpetual LIFO in Valuing Its Inventory

Question 118

Multiple Choice

Left Images Printing uses perpetual LIFO in valuing its inventory. The March 1 inventory was 36 units at $6 each. Purchases and sales during March were as follows: Left Images Printing uses perpetual LIFO in valuing its inventory. The March 1 inventory was 36 units at $6 each. Purchases and sales during March were as follows: The cost of the ending inventory was A) $424 B) $312 C) $330 D) $286
The cost of the ending inventory was


A) $424
B) $312
C) $330
D) $286

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