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NEW QUESTION: 1
Beginning inventory of 50 units, purchased at $5
50 units purchased at $10
35 units purchased at $9
25 units sold at $15
70 units sold at $12
Tax rate = 40%
Beginning LIFO reserve = $300
Given the above, the LIFO reserve at the end of the period is ________.
A. $165
B. $135
C. $185
D. $225
Answer: A
Explanation:
Explanation/Reference:
Explanation:
COGS = Beginning inventory - Ending inventory + Purchases.
FIFO COGS = 50*5 + 45*10 = $700. LIFO COGS = 35*9 + 50*10 + 10*5 = $865. Beginning inventory
50*5 = $250. Purchases = 50*10 + 35*9 = $815.
Therefore, FIFO ending inventory = 250 + 815 - 700 = 365 and LIFO ending inventory = 250 + 815 - 865
200.
The LIFO Reserve is defined as the difference between the values of the inventory under FIFO and under LIFO. Therefore, LIFO reserve = 365 - 200 = 165.

NEW QUESTION: 2
DRAG DROP


Answer:
Explanation:


NEW QUESTION: 3
If the access network supports IGMP version 2 only, what additional configuration is required to enable the
SSM model?
A. PIM ASM to PIM SSM translations
B. IGMP version 2 to IGMP version 3 translations
C. IGMP (*, G) Join to PIM (S. G) Join translation
D. IGMP snooping
E. IGMP compatibility mode support
Answer: C


CAMS FAQ

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CAMS Exam Info

In case you haven’t done it yet, we strongly advise in reviewing the below. These are important resources related to the CAMS Exam.

CAMS Exam Topics

Review the CAMS especially if you are on a recertification. Make sure you are still on the same page with what ACAMS wants from you.

CAMS Offcial Page

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Check what resources you have available for studying.

Schedule the CAMS Exam

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