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Novak Eormpany hegan operation late in 2024 und adogted the comventional retall irventory method Becase there was no beginning hiveritery for 2024 and nes rarkdowm
Novak Eormpany hegan operation late in 2024 und adogted the comventional retall irventory method Becase there was no beginning hiveritery for 2024 and nes rarkdowm diting 2024, the ending imentary for 2024 was 514.722 under hoth them comentbnal retait method and the LFOretal inethod At the end of 2025 , managument wants to compare the results of applyine the compatations Cherizute tive cuat of the 2025 enderg irventory ueider both: (a) The cowentignal retail method! Compute the cost of the 2025 ending inventory under both: (a) The conventional retail method. Ending inventory using the conventional retail method (b) The LIFO retail method. Ending inventory at cost Ending inventory at retail
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