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Business, 13.05.2021 19:00 SoyAmbia

Madison Co. has determined its year-end inventory on a LIFO basis to be $609,000. Information pertaining to that inventory is as follows: Selling price $ 729,000 Costs to sell 34,500 Normal profit margin 84,500 Replacement cost 629,000 What should be the reported value of Madison's inventory

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Madison Co. has determined its year-end inventory on a LIFO basis to be $609,000. Information pertai...
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