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Orange Stores began operations on January 1,2018, and adopted the FIFO method of accounting for its inventory for book and tax purposes in 2021, it

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Orange Stores began operations on January 1,2018, and adopted the FIFO method of accounting for its inventory for book and tax purposes in 2021, it is considering a change to the average-cost method basis for book purposes only Orange provided the following information to assist in deciding whether to change inventory valuation techniques. (Click the icon to view the additional information) Orange Stores reported the following income statement information. (Click the icon to view the income statement) Read the reguirements. Using the browser's print option may create an undesirable printout. Use the Print option in your question instead to get a better print-out. Ending Inventory Cost of Sales Retalned Earninas Statement of Net Income Average-Cost Method U ANSWERED: Orange Stores began operations on January 1,2018, and adopted the FIFO method of accounting for its inventory for book and tax purposes in 2021, it is considering a change to the average-cost method basis for book purposes only Orange provided the following information to assist in deciding whether to change inventory valuation techniques. (Click the icon to view the additional information) Orange Stores reported the following income statement information. (Click the icon to view the income statement) Read the reguirements. Using the browser's print option may create an undesirable printout. Use the Print option in your question instead to get a better print-out. Ending Inventory Cost of Sales Retalned Earninas Statement of Net Income Average-Cost Method U ANSWERED

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