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Required: Compute cost of goods sold under the FIFO, LIFO, and average cost inventory costing methods. (Round intermediate calculations to 2 decimal places. Round your

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Required: Compute cost of goods sold under the FIFO, LIFO, and average cost inventory costing methods. (Round intermediate calculations to 2 decimal places. Round your answers to the nearest whole dollar amount.) Prepare an income statement through pretax income for each method. Sales, 340 units; unit sales price, $54; Expenses, $1,540

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