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For the current year, a Japanese subsidiary reported a beginning inventory (FIFO) of 80,000 yen, purchases of 600,000 yen and an ending inventory (FIFO) of

For the current year, a Japanese subsidiary reported a beginning inventory (FIFO) of 80,000 yen, purchases of 600,000 yen and an ending inventory (FIFO) of 50,000 yen. The exchange rate for the Japane...

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