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6 years ago
A retailer's ending retail book value of inventory is $165,000. A physical inventory (at retail) equals $177,000. The retailer ________.
A) switched from LIFO to FIFO
B) switched from FIFO to LIFO
C) has a stock shortage of $12,000
D) has a stock overage of $12,000
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Retail Management: A Strategic Approach

Retail Management: A Strategic Approach


Edition: 13th
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Good timing, thanks!
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