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Assume that Forever 21 Company has the following inventory data: The company uses a periodic inventory system. A physical count of merchandise inventory on July

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Assume that Forever 21 Company has the following inventory data: The company uses a periodic inventory system. A physical count of merchandise inventory on July 31 reveals that there are 48 units on hand. Using the LIFO inventory method, the amount allocated to ending inventory for July is $930. $1,056. $912. $960

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