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Evans, Inc

Question 158

Multiple Choice

Evans, Inc. had the following balances and transactions during 2017: Evans, Inc. had the following balances and transactions during 2017: What is the amount of the company's Merchandise Inventory, as disclosed in the December 31, 2017 balance sheet, using the periodic LIFO inventory costing method? A) $400 B) $560 C) $640 D) $350 What is the amount of the company's Merchandise Inventory, as disclosed in the December 31, 2017 balance sheet, using the periodic LIFO inventory costing method?


A) $400
B) $560
C) $640
D) $350

Correct Answer:

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