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September 2, 2015

Homework Help: Business Math

Posted by Jean on Wednesday, December 26, 2012 at 2:05pm.

Lee Corp. purchased 10 key chains on January 1, 2010 for $9.00 each and 5 key chains were purchased on December 1, 2010 for $10.00. Seven were sold. What would be the inventory amount for LIFO, what would be the inventory amount for
FIFO

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