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Print Supplies , Inc., sells laser printers and supplies. Assume JonahJonah started the year with 9 0 9 0 containers of ink ( average cost
PrintSupplies Inc., sells laser printers and supplies. Assume JonahJonah started the year with containers of inkaverage cost of $ $ each, FIFO cost of $ $ each, LIFO cost of $ $ each During theyear the company purchased containers of ink at $ $ and sold units for $ $ each. JonahJonah paid operating expenses throughout theyear a total of $ comma $ Ignore income taxes for this exercise.Prepare JonahJonah's income statement for the current year ended December using theaveragecost FIFO, and LIFO inventory costing methods. Include a complete statement heading.
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