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2. Tony Corp uses LIFO accounting for inventory. Tony begins the first quarter of 2020 with 800 units with a cost $60 each. During the

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2. Tony Corp uses LIFO accounting for inventory. Tony begins the first quarter of 2020 with 800 units with a cost $60 each. During the first quarter of 2020, Tony purchases 300 units at $70 each and sells 400 units at $130 each. At March 31, 2020, replacement cost for inventory is $80 a unit. Tony expects to replace in inventory all 400 units that it sold in its inventory by end of 2020. Using the integral method, what is the amount of Cost of Goods Sold recorded by Tony for the quarter ended March 31,2020 5. Roland Inc., with headquarters in Miami Florida is an international manufacturer and distributor of soft drinks. In the footnotes to its annual financial statements, Roland provides disclosure on the following locations where it does business: Brazil, Russia and China, Japan, Europe, Australia, all other countries. There are several things wrong with Roland's geographic breakdown. Name two of them

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