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Business, 01.12.2021 05:20 lululoveee586

On March 31, Oscar Corp. changes from the LIFO to the FIFO method. Its financial statement notes indicate that beginning inventory would have been $50,000 higher if it had utilized FIFO during prior years. Oscar's journal entry should include a Multiple choice question. debit to cost of goods sold. debit to inventory. credit to cost of goods sold. credit to inventory.

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On March 31, Oscar Corp. changes from the LIFO to the FIFO method. Its financial statement notes ind...
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