Using Exhibit 1 as an example, prepare a table with seven columns that shows the ending inventory
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Using Exhibit 1 as an example, prepare a table with seven columns that shows the ending inventory and cost of goods sold for each of the results from your calculations in SE 3 through SE 9. Comment on the results, including the effects of the different prices at which the merchandise was purchased. Which method(s) would result in the lowest income taxes? SE-10
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