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    Using Financial Accounting Study Set 1
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    Exam 5: Inventories and Cost of Goods Sold
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    Refer to the Data for Learning Tree, Inc
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Refer to the Data for Learning Tree, Inc

Question 218

Question 218

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Refer to the data for Learning Tree, Inc.
Explain why the amounts are different for LIFO under periodic and perpetual inventory systems.

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The amounts for ending inventory and cos...

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