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E7-7 Analyzing and interpreting the Financial Statement Effects of FIFO, LIFO, and Weighted Average Cost [LO 7-3) Scoresby In

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Requirement 1 Cost of Goods Available for Sale Cost of Goods Available for sale 24.00 $ FIFO Cost per unit Units Beginning InRequirement 3 Cost of Goods Available for Sale Cost of Goods sold FIFO Ending Inventory-FIFO Cost of goods Cost per Ending FIRequirement 4 SCORESBY INC. Income Statement For the year ended December 31 Weighted FIFO Particulars LIFO Average $6,33,600

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