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Monitor Industries Inc. completed the following inventory transactions during the month of March: Requirements 1. Without resorting to calculations, determine which inventory method will result

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Monitor Industries Inc. completed the following inventory transactions during the month of March: Requirements 1. Without resorting to calculations, determine which inventory method will result in Monitor Industries Inc. paying lower income taxes. 2. Prepare a perpetual inventory record using FIFO. 3. Prepare a perpetual inventory record using moving average cost. Round the average cost per unit to the nearest cent and all other amounts to the nearest dollar

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