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2. Prepare an income statement that shows 2009 amounts for the FIFO method in one column, the LIFO method in another column, and the weighted
2. Prepare an income statement that shows 2009 amounts for the FIFO method in one column, the LIFO method in another column, and the weighted average method in a nal column. Include the following line-items in the income statement: sales, cost of goods sold, gross profit, operating expenses, and operating income. Acc 2013, Chapter 7 Lab Practice (Phillips 3e) Page 4 of 12
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