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7. A company has the following information related to its ending inventory: What is the
appropriate journal entry at 12/31/2024 to adjust the account balance of inventory to LIFO-based
amount?

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7- A company has the following information related to its ending inven.docx

  • 1. 7. A company has the following information related to its ending inventory: What is the appropriate journal entry at 12/31/2024 to adjust the account balance of inventory to LIFO-based amount?