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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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