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CorpCo uses the periodic method and LIFO costing. If the ending inventory is less than the beginning inventory, the cost of ending inventory includes: A

CorpCo uses the periodic method and LIFO costing. If the ending inventory is less than the beginning inventory, the cost of ending inventory includes: A. only purchases from the current year. B. only purchases from prior years. C. purchases from both the current and prior years. D. no way to tell in which year the purchases were made.

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