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Question 34 Oriole has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 34 units at $6.70 134

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Question 34 Oriole has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 34 units at $6.70 134 units at $7.40 90 units 67 units at $8.10 63 units Assuming that a perpetual inventory system is used, what is the value of ending inventory on a LIFO basis for July? $1176.30 $585.80 $1762.10 $883.00

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Advanced Financial Accounting Lawrence S C Good Condition ISBN 08512

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