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Concord Corporation uses the FIFO method for internal reporting purposes and LIFO for external reporting purposes. The balance in the LIFO Reserve account at the

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Concord Corporation uses the FIFO method for internal reporting purposes and LIFO for external reporting purposes. The balance in the LIFO Reserve account at the end of 2020 was $ 326000. The balance in the same account at the end of 2021 is $ 471000. Concord's Cost of Goods Sold account has a balance of $ 2350000 from sales transactions recorded during the year. What amount should Concord report as Cost of Goods Sold in the 2021 income statement? O $ 2205000 O $ 2495000 O $2821000 $ 2350000

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