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COMPLETE ALL 5 STEPS And PLEASE MAKE SURE TO DO INCOME STATEMENT FOR LIFO AND FIDO : Scoresby Incorporated tracks the number of units purchased

COMPLETE ALL 5 STEPS And PLEASE MAKE SURE TO DO INCOME STATEMENT FOR LIFO AND FIDO : Scoresby Incorporated tracks the number of units purchased and sold throughout each year but applies its inventory costing method at the end of the year, as if it uses a periodic inventory system. Assume its accounting records provided the following information ai the end of the annual accounting period, December 31.
\table[[Transactions,Units,Unit Cost],[a. Inventory, Beginning,1,500,$20
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