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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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    Perch Company Reported the Following Purchases and Sales for Its
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Perch Company Reported the Following Purchases and Sales for Its

Question 121

Question 121

Multiple Choice

Perch Company reported the following purchases and sales for its only product. Perch uses a perpetual inventory system. Determine the cost assigned to ending inventory using LIFO.


A) $2,260
B) $3,180
C) $1,860
D) $3,580
E) $2,100

Correct Answer:

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