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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 1 and December 31
Compute the amount by which the year-end balance in finished-goods inventory declined during year 2 (i.e., between December 31 of year 1 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. |
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