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SOLVE AND WRITE EQUATIONS Winnebago Industries, Inc. is a leading manufacturer of motor homes. Suppose Winnebago reported ending inventory at August 29, 2022, of $48,245,000
SOLVE AND WRITE EQUATIONS
Winnebago Industries, Inc. is a leading manufacturer of motor homes. Suppose Winnebago reported ending inventory at August 29, 2022, of $48,245,000 under the LIFO inventory method. In the notes to its financial statements, assume Winnebago reported a LIFO reserve of $29,933,000 at August 29, 2022. What would Winnebago Industries' ending inventory have been if it had used FIFO? 2022 ending inventory assuming FIFO $Step by Step Solution
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