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Norman's Television producers television sets in three catergories: portable, midsize and flat-screen. On January 1, 2017, Norman adopted dollar-value LIFO and decided to use a
Norman's Television producers television sets in three catergories: portable, midsize and flat-screen. On January 1, 2017, Norman adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of. During 2017, the company had the following purchase and sales. Instruction: (Round to four decimals.) Compute ending inventory, cost of goods sold, and gross profit. Assume the company uses three inventory pools instead of one. Repeat instruction (a)
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