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Compute the amount by which the year-end balance in finished-goods inventory declined during year 2 (i.e., between December 31 of year I and December 31

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Compute the amount by which the year-end balance in finished-goods inventory declined during year 2 (i.e., between December 31 of year I and December 31 of year 2): Using the data from the balance sheet prepared under absorption costing. Using the data from the balance sheet prepared under variable costing.Refer to your calculations from requirement (4). Compute the difference in the amount by which the year-end balances in finished-goods inventory declined under absorption versus variable costing. Then compare the amount of this difference with the difference in the company?s reported income for year 2 under absorption versus variable costing. (Negative amounts should be indicated by a minus sign.)Amount of decline in finished-goods inventory balance during year 2 Reported operating income for year 2 (absorption versus variable costing)

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