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PROBLEM #4: LIFO RESERVE The ending inventory under LIFO is $59,750. Under FIFO, the ending inventory $62.590. The sales were $740,960 while the cost of

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PROBLEM #4: LIFO RESERVE The ending inventory under LIFO is $59,750. Under FIFO, the ending inventory $62.590. The sales were $740,960 while the cost of goods sold was $473.260. What is the LIFO Reserve? is

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