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pharoah company uses the fifo method to cost its inventory. at december 31, 2025, prior to adjustment the finished goods inventory balance was 34700 and
pharoah company uses the fifo method to cost its inventory. at december 31, 2025, prior to adjustment the finished goods inventory balance was 34700 and the cost of goods sold balance 97000. the expected selling price was 40900. the company incurs selling costs of 25% of the expected selling price. if pharoah uses the cost of goods sold method to record write-downs of inventory its 2025 financial statements will report
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