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The first step, when using dollar-value LIFO retail method for inventory, is to Multiple Choice 155:19 O Determine the cost-to-retail percentage for the current year

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The first step, when using dollar-value LIFO retail method for inventory, is to Multiple Choice 155:19 O Determine the cost-to-retail percentage for the current year transactions, Determine the estimated cost of goods sold for the current year Price index adjust the LIFO inventory layers Determine the estimated ending inventory of current year retail prices

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