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Lake Appliance has adopted the dollar value LIFO inventory method. The following data is available for the years following the adoption of LIFO. Ending Inventory
Lake Appliance has adopted the dollar value LIFO inventory method. The following data is available for the years following the adoption of LIFO. Ending Inventory Under the dollar value LIFO method the LIFO reserve at the end of year 4 should be: a. 38,000 b. 36,000 c. 39,600 d. 33,000 e. None of these
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