Use This Information to Answer the Following Question

question 41

Multiple Choice

Use this information to answer the following question. A periodic inventory system is used.
Ending inventory under LIFO is

• A) $904.
• B) $858.
• C) $428.
• D) $474.

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Definitions:

Periodical

A publication released at regular intervals, such as magazines, journals, or newsletters.

Scholarly Article

An academic publication presenting original research or findings, often peer-reviewed or refereed.

Comprehensive Overview

An extensive and thorough examination of a topic or subject matter.

Relevant

Closely connected or appropriate to the matter at hand.