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Top suggestions for FIFO LIFO Ending Inventory
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Inventory
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Sherri Hartzell
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SOLVED: A company uses LIFO and reports ending inventory of 220,000.The company calculates its LIFO reserve to be70,000. For whatamount would the company report ending inventory if it instead hadused FIFO?Multiple Choice255,000.150,000.290,000.220,000.
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