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The Johnson Corportation reported a LIFO reserve of $45,000 at the end of the year....

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Accounting

The Johnson Corportation reported a LIFO reserve of $45,000 at the end of the year. The beginning LIFO reserve was $60,000. The cost of goods sold was $260,000 under LIFO. The cost of goods sold under FIFI should be:

A. $260,000

B. $275,000

C. $305,000

D. $245,000

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