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Required information [The following information applies to the questions displayed below] Emily Company uses a periodlc inventory system. At the end of the annual accounting

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Required information [The following information applies to the questions displayed below] Emily Company uses a periodlc inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2 : Tequired: Prepare a separate income statement through pretax income that details cost of goods sold for (a) Case A:FIFO and (b) Case B: IFO

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