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10. Calculate the five critical subtotals in the multistep income statement based on the information provided in this table: 11. Fill in the blanks. If
10. Calculate the five critical subtotals in the multistep income statement based on the information provided in this table: 11. Fill in the blanks. If costs are rising, then...... a) LIFO COGS is (greater or less than) FIFO COGS b) LIFO ending inventory is (greater or less than) FIFO ending inventory c) Net Income for a company using LIFO will be (greater or less than) a company that uses FIFO
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