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  3. Study Set
    Intermediate Accounting IFRS
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    Exam 8: Inventories: Measurement
  5. Question
    Ending Inventory Using the LIFO Method Is
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Ending Inventory Using the LIFO Method Is

Question 50

Question 50

Multiple Choice

Ending inventory using the LIFO method is:


A) $ 650.
B) $1,000.
C) $ 707.
D) $ 600.10 units $100 = $1,000.

Correct Answer:

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