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Berring Sales Uses LIFO

Question 71

Multiple Choice

Berring Sales uses LIFO. The partially completed inventory record for January appears below. Berring Sales uses LIFO. The partially completed inventory record for January appears below. On January 14, the company sold 10 units. On January 29, the company sold 50 units. Complete the inventory record through the January 14 sale, and calculate the Inventory balance after the January 14 sale. (Please round to the nearest whole dollar.) A) $380 B) $330 C) $230 D) $228 On January 14, the company sold 10 units. On January 29, the company sold 50 units. Complete the inventory record through the January 14 sale, and calculate the Inventory balance after the January 14 sale. (Please round to the nearest whole dollar.)


A) $380
B) $330
C) $230
D) $228

Correct Answer:

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