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Required Information The following information applies to the questions displayed below! Givoly Inc. uses a periodic inventory system. At the end of the annual accounting
Required Information The following information applies to the questions displayed below! Givoly Inc. uses a periodic 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: Unit Cort unt 7, dao Inventory, December 31. prior Tor the current yea Durchase. March Purchase, Sept 19 Sale (921 sach Sale 30 sach Operating expenses (excluding thon tax expense) 19.000 10.000 0.000 16.000 1400,000 Required: 1. Prepare a separate income statement through pretax income that details cost of goods sold for ( Case A:FIFO and (by Case 8 LIFO. (Loss amounts should be indicated with a minus sign.) GIVOLY INC inome Statement For the Year Ended December 31, current year CA FIFO Cass LIFO Cost of goods sold Goods available for to Cast of goods sold Pentax income
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