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Eagle resources, which uses the FIFO inventory costing method, has the following account balances at May 31, 2025, prior to releasing the financial statements for

Eagle resources, which uses the FIFO inventory costing method, has the following account balances at May 31, 2025, prior to releasing the financial statements for the year.
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Requirements 1. Prepare any adjusting joumal entry required from the information given. 2. What value would Eagle report on the balance sheet at May 31, 2025, for merchandise inventory

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