Business, 29.10.2019 22:31, kenna0

Acompany uses lifo. at the beginning of the current year its inventory was $225,000, and at the end of the current year its inventory is $300,000. at the start of the year its lifo reserve was $20,000 and at the end of the year its lifo reserve is $25,000. the company operates in an inflationary environment. if the company used fifo instead of lifo, its ending inventory would be:

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Acompany uses lifo. at the beginning of the current year its inventory was $225,000, and at the end...