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Business, 11.03.2020 02:54 19jcormier
The Mick Company reported a LIFO cost of goods sold for the year of $100,000. The LIFO reserve decreased by $30,000 for the year. An estimate of the cost of goods sold under FIFO is:
Multiple Choice
$70,000.
$160,000.
$200,000.
$130,000.
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Answers: 3
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The Mick Company reported a LIFO cost of goods sold for the year of $100,000. The LIFO reserve decre...
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