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3 Required information Part 2 of 3 (The following information applies to the questions displayed below.] Emily Company uses a periodic inventory system. At the
3 Required information Part 2 of 3 (The following information applies to the questions displayed below.] Emily Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2: 10 points Units 2,810 Unit Cost $ 11 eBook Inventory, December 31, prior year For the current year: Purchase, April 11 Purchase, June 1 Sales ($58 each) Operating expenses (excluding income tax expense) 8,930 7,920 10,860 12 17 $188,000 Hint 2. Compute the difference between the pretax income and the ending inventory amount for the two cases. Print References Comparison of Amounts Case A Case B FIFO LIFO Difference Pretax income Ending inventory
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