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Yakir Company Began Business on August 1, 2004

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Yakir Company began business on August 1, 2004.During August, Yakir made the following purchases:
Yakir Company began business on August 1, 2004.During August, Yakir made the following purchases: Calculate Yakir's August 31 ending inventory under the FIFO and LIFO cost flow assumptions. Calculate Yakir's August 31 ending inventory under the FIFO and LIFO cost flow assumptions.

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FIFO = 50 ...

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