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Required information [ The following information applies to the questions displayed below. ] The Shirt Shop had the following transactions for T - shirts for
Required information
The following information applies to the questions displayed below.
The Shirt Shop had the following transactions for Tshirts for Year its first year of operations:
During the year, The Shirt Shop sold Tshirts for $ each.
b Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions.
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