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uestion 19 4 points Save Answer The total Inventory for a business is $25,000 when computed using LIFO. When computed using FIFO, the total
uestion 19 4 points Save Answer The total Inventory for a business is $25,000 when computed using LIFO. When computed using FIFO, the total Inventory is $22,000. When computed using Weighted Average, the total Inventory is $23,500. The current replacement cost of the total Inventory is $23,000. The business uses the FIFO method of valuing Inventory. The amount of Inventory that should be reported on the Balance Sheet is O a. $25,000 O b. $22,000 Oc$23,500 Od. $23,000
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