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During the Past Year, Velcon National Sold 418 Jackets

Question 11

Multiple Choice

During the past year, Velcon National sold 418 jackets. Inventory records for the year are as follows: During the past year, Velcon National sold 418 jackets. Inventory records for the year are as follows: Using the LIFO method of inventory pricing, calculate the dollar value of the ending inventory. A) $31,270.00 B) $18,772.00 C) $19,999.64 D) $17,800.36 Using the LIFO method of inventory pricing, calculate the dollar value of the ending inventory.


A) $31,270.00
B) $18,772.00
C) $19,999.64
D) $17,800.36

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