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6 . Assume that Super had no LIFO reserve as of January 1 . Prepare a January 31 journal entry to record the LIFO reserve
6 . Assume that Super had no LIFO reserve as of January 1 . Prepare a January 31 journal entry to record the LIFO reserve Super uses FIFO for internal purposes and LIFO for external reporting and income tax purposes ) . See your textbook discussion of a LIFO reserve
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