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Puppy Co. has determined its year-end inventory on a LIFO basis to be $600,000. Information pertaining to that inventory is as follows: Selling price $

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Puppy Co. has determined its year-end inventory on a LIFO basis to be $600,000. Information pertaining to that inventory is as follows: Selling price $ 720,000 Costs to sell 30,000 Normal profit margin 80,000 Replacement cost 620,000 $720,000 $620,000 $600,000 O $610,000

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