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Could use some helps thanks! The management of Bramble Instrument Company had concluded, with the concurrence of its independent auditors, that results of operations would

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The management of Bramble Instrument Company had concluded, with the concurrence of its independent auditors, that results of operations would be more fairly presented if Bramble changed its method of pricing inventory from last-in, first-out (LIFO) to averagecost in 2020. Given below is the 5 -year summary of income under LIFO and a schedule of what the inventories would be if stated on the average-cost method. Prepare comparative statements for the 5 years, assuming that Bramble changed its method of inventory pricing to average-cost. Indicate the effects on net income and earnings per share for the years involved, Bramble Instruments started business in 2015. Assume that the number of shares outsanding is 100. (Einter amounts that decrease cost of goods sold using either a negative sign preceding the number es - 15,000 or parentheses es. (15,000). Round all amounts except EPS to the nearest whole dollor, es. 5,275. Round Eamings Per Share to 2 decimal ploces, eg. 1.62. Round up the tak effects to the next whole dollar.) Beginning inventory Purchases Ending inventory Total Gross profit Administrative expenses Income before taxes Income taxes Net income Attempts: 0 or 2 used

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