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Complete this question by entering your answers in the tabs below. Complete the following tabulation for each situation. In Situations A and B ( prices

Complete this question by entering your answers in the tabs below.
Complete the following tabulation for each situation. In Situations A and B (prices rising), assume the following: beginning inventory, 320 units at $10=$3,200; purchases, 380 units at $12=$4,560. In Situations C and D (prices falling), assume the opposite; that is, beginning inventory, 320 units at $12=$3,840; purchases, 380 units at $10=$3,800. Use periodic inventory procedures. (Round your answers to nearest dollar amount.)
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\table[[\table[[Sales revenue]],PRICES RISING,PRICES FALLING],[{
\table[[Situation A],[FIFO]]},{
\table[[Situation B],[LIFO]]},{
\table[[Situation C],[FIFO]]},{
\table[[Situation D],[LIFO]]}],[],[$,20,400,$,20,400,$,20,400,$,20,400],[Cost of goods sold:],[Beginning inventory,,3,200,,3,200,,3,840,,3,840],[Purchases,,4,560,,4,560,,3,800,,3,800],[Goods available for sale,,7,760,,7,760,,,,],[Ending inventory,,2,280,,1,900,,1,900,,2,280],[Cost of goods sold,,5,480,,,,,,],[Gross profit,,14,920,,,,,,],[Expenses,,3,200,,3,200,,3,200,,3,200],[Pretax income,,11,720,,,,,,],[Income tax expense,,4,688,,,,,,],[Net income,$,7,032,,,,,,]]
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