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-Thelen's Inventory Records Show the Following Data at January 31

Question 77

Multiple Choice

  -Thelen's inventory records show the following data at January 31:   At January 31, 240 units are still on hand. What is the cost of the ending inventory at January 31 if Thelen uses the LIFO method? A) $1440 B) $2040 C) $2880 D) $2160
-Thelen's inventory records show the following data at January 31:   -Thelen's inventory records show the following data at January 31:   At January 31, 240 units are still on hand. What is the cost of the ending inventory at January 31 if Thelen uses the LIFO method? A) $1440 B) $2040 C) $2880 D) $2160 At January 31, 240 units are still on hand. What is the cost of the ending inventory at January 31 if Thelen uses the LIFO method?


A) $1440
B) $2040
C) $2880
D) $2160

Correct Answer:

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