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  2. Topic
    Business
  3. Study Set
    Intermediate Accounting IFRS
  4. Exam
    Exam 8: Inventories: Measurement
  5. Question
    Required: Compute the Ending Inventory and Cost of Goods Sold
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Required: Compute the Ending Inventory and Cost of Goods Sold

Question 2

Question 2

Essay

Required: Compute the ending inventory and cost of goods sold assuming Random Creations uses LIFO and a periodic inventory system.

Correct Answer:

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