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Which of the following amounts will differ if a company, using the last-in, first-out (LIFO) method, shifts from a periodic inventory system to a perpetual
Which of the following amounts will differ if a company, using the last-in, first-out (LIFO) method, shifts from a periodic inventory system to a perpetual inventory system?
a. ending murchandise inventory
b. sales revenue
c. purchases
d. purchase returns
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