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Question: if ouyang inc had used fifo instead of lifo net...

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Use the following data (in millions) for questions 1 through 4 Table: Ouyang Inc. Financial Information (in millions) Financi

If Ouyang Inc. had used FIFO instead of LIFO, net income for 2013 would have been higher by an amount closest to:

28.9 million
26.3 million
24.7 million
16.8 million
13.4 million
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