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Under the LIFO retail inventory method, the cost of a new layer added during the period is determined by multiplying the retail value of the layer by the:________. a. cost-to-re…

Under the LIFO retail inventory method, the cost of a new layer added during the period is determined by multiplying the retail value of the layer by the:________. a. cost-to-re…
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Under the LIFO retail inventory method, the cost of a new layer added during the period is determined by multiplying the retail value of the layer by the:________.

a. cost-to-retail percentage based on the goods available for sale.
b. beginning-inventory cost-to-retail percentage.
c. current-period cost-to-retail percentage.

asked
User Noan Cloarec
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1 Answer

3 votes

Answer:

C. current-period cost-to-retail percentage.

Step-by-step explanation:

answered
User Papooch
by
9.1k points
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