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Lowell Inc. had the following inventory in fiscal 2018. The company uses the LIFO method of accounting for inventory. Beginning Inventory, January 1, 2017: 100
Lowell Inc. had the following inventory in fiscal 2018. The company uses the LIFO method of accounting for inventory. Beginning Inventory, January 1, 2017: 100 units @ $20.00 Purchase 300 units @ $22.00 Ending Inventory, December 31, 2018: 100 units The company's value of ending inventory for fiscal 2018 is: O A. $ 6,400 B. $6,600 C. $ 6,450 D. $ 6,200 E. None of the above
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