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V-TV, Inc. provided the following items in its notes to the financial statements for the year-end 2019. Cost of goods sold was $23.40 billion under
V-TV, Inc. provided the following items in its notes to the financial statements for the year-end 2019. Cost of goods sold was $23.40 billion under FFO costing and the inventory value under FIFO costing was $2.38 billion. The LIFO Reserve for year-end 2018 was $0.74 billion and at year-end 2019 ad increased to 0.94 billion. How much is the 2019 LIFO cost of goods sold? Multiple Choice $21.02 billion $23.60 billion. $24.34 billion. $20.82 billion
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