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    Fundamental Accounting Principles Study Set 5
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    Exam 6: Inventories and Cost of Sales
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    Given the Following Information, Determine the Cost of the Inventory
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Given the Following Information, Determine the Cost of the Inventory

Question 68

Question 68

Multiple Choice

Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. The cost of the ending inventory is


A) $200.
B) $220.
C) $380.
D) $275.
E) $300.

Correct Answer:

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