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Problem 6-5A (Algo) Calculate ending inventory and cost of goods sold using FIFO and LIFO and adjust inventory using lower of cost and net realizable
Problem 6-5A (Algo) Calculate ending inventory and cost of goods sold using FIFO and LIFO and adjust inventory using lower of cost and net realizable value ( LO6-3, 6-6) [The following information applies to the questions displayed below.] For the current year, Walker Games has the following inventory transactions related to its traditional board games. Walker Games uses a periodic inventory system. Problem 6-5A (Algo) Part 1 Required: 1. Using FIFO, calculate ending inventory and cost of goods sold
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