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Recording and ReportIng a LIFO Reserve end of the prior year and current year to adjust the LIFO reserve. b. Show how inventory should be

image text in transcribed Recording and ReportIng a LIFO Reserve end of the prior year and current year to adjust the LIFO reserve. b. Show how inventory should be shown on its comparative balance sheets for the prior and current years. c. If the company reported cost of goods sold of $576,000 in the current year using LIFO, what would cost of goods sold be using FIFO? $

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