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Business, 02.03.2020 16:39 nkidder

In 2017, a company shows inventory of $250,000 using LIFO. If the company had used FIFO, its inventories would have been higher by $40,000 and $30,000 in 2017 and 2016, respectively. How much is the company’s LIFO reserve in 2017?

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In 2017, a company shows inventory of $250,000 using LIFO. If the company had used FIFO, its invento...

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