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please explain Kevin's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2025, Kevin adopted dollar-value LIFO and decided to
please explain
Kevin's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2025, Kevin adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: During 2025, the company had the following purchases and sales. Compute ending inventory, cost of goods sold, and gross profit. (Round answers to 0 decimal places, e.g. 6,548.) Ending inventory $ Cost of goods sold $ Gross profit \$ Step by Step Solution
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