hI I URGENTLY NEED REQUIRED 6 AND REQUIRED 7 AS I HAVE TO SHOW TOMORROW IN CLASS THANK YOU SO MUCH

Required 6 Explain to Jim that it is not the recording system that has created the alternative Gross Profit figures but the valuation system, and this is in fact only a temporary variation as a result of timing differences. Point out to Paul that the stock loss was always there and explain why it couldn't be seen in the periodic system