Business, 07.04.2020 23:59, Beast3dgar
QV-TV, Inc. provided the following items in its notes to the financial statements for the year-end 2014: Cost of goods sold was $22 billion under FIFO costing and the inventory value under FIFO costing was $2.1 billion. The LIFO Reserve for year-end 2013 was $0.6 billion and at year-end 2014 it had increased to $0.8 billion.
What is the LIFO inventory value at year-end 2014?
a.$1.9 billion.
b.$2.9 billion.
c.$2.3 billion.
d.$1.3 billion.
Answers: 1
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QV-TV, Inc. provided the following items in its notes to the financial statements for the year-end 2...
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