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The Annual Inventory of Big Wheels Inc

Question 4

Multiple Choice

The annual inventory of Big Wheels Inc. shows the following information for 20-inch tires: The annual inventory of Big Wheels Inc. shows the following information for 20-inch tires: If 36 tires were on hand on December 31, what is the value of the ending inventory using the LIFO method of inventory pricing? A) $234 B) $133 C) $165 D) $125 If 36 tires were on hand on December 31, what is the value of the ending inventory using the LIFO method of inventory pricing?


A) $234
B) $133
C) $165
D) $125

Correct Answer:

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