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Answer all please Mansfield Company has a periodic inventory system and uses the LIFO method to assign costs to inventory and cost of goods sold.

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Mansfield Company has a periodic inventory system and uses the LIFO method to assign costs to inventory and cost of goods sold. Consider the following information: What amounts would be reported as the cost of goods sold and ending inventory balances for the period? A) Cost of goods sold $755; Ending inventory $225 B) Cost of goods sold $625; Ending inventory $175 C) Cost of goods sold $550; Ending inventory $250 D) Cost of goods sold $600; Ending inventory $200 A company's current inventory consists of 200 units purchased at $16 per unit. The market value of this inventory is currently $13 per unit. At what amount should the company's inventory be reported on the balance sheet? A) $3,000 B) $2, 600 C) $4,000 D) $3, 200 Which of these would you expect to have the highest inventory turnover ratio? A) Macy's. Inc. - clothing and home furnishings retailer B) Ford Motor Company - automobile manufacturer C) McDonald's Corporation - quick service hamburger restaurants D) The Boeing Company - aircraft manufacturer Current liabilities could include all of the following except: A) a notes payable due in 9 months. B) any part of long-term debt due during the current period. C) a bank loan due in 18 months. D) an accounts payable due in 30 days

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