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After the adjustment for LCNRV in Requirement 3 b , recalculate the total revenue, total cost of goods sold, gross profit, and ending inventory for

After the adjustment for LCNRV in Requirement

3

,

recalculate the total revenue, total cost of goods sold, gross profit, and

ending inventory for the year and compare your answers to those in Requirement

1 .

please tell how to calculate each formula.

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