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Lunar Company uses a perpetual inventory system. The company's accounting records provided the following information for Product 2. Required: 1. Prepare a statement of earnings

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Lunar Company uses a perpetual inventory system. The company's accounting records provided the following information for Product 2. Required: 1. Prepare a statement of earnings for 2020 , through pretax earnings, showing the detailed computation of cost of sales for two cases: a. Case A-FIFO b. Case B-Weighted average (Round intermediate calculations to 2 decimal places.)

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