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  3. sanders, inc. has the following inventory informat

Sanders, Inc. has the following inventory information for the year: Sanders, Inc. reports cost...

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Question

Accounting

Sanders, Inc. has the following inventory information for
the year:
Sanders, Inc. reports cost of goods sold of $1,600.
Which inventory cost method is the company using?
A: FIFO
B: LIFO
C: Weighted-Average
D: It cannot be determined with this information.
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