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The second step, when using dollar-value LIFO retail method for inventory, is to determine the estimated: A. Ending inventory at current year retail prices. B.
The second step, when using dollar-value LIFO retail method for inventory, is to determine the estimated:
A. Ending inventory at current year retail prices.
B. Cost of goods sold for the current year.
C. Ending inventory at cost.
D. Cost-to-retail percentage is applied to retail layer.
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