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Pharoah Variety Store uses the LIFO retail inventory method. Information relating to the computation of the inventory at December 3 1 , 2 0 2
Pharoah Variety Store uses the LIFO retail inventory method. Information relating to the computation of the inventory at December
follows:
Assuming that there was no change in the price index during the year, compute the inventory at December using the LIFO
retail inventory method. Round ratio to decimal places, eg and final answer to decimal places, eg
Inventory at December
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