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Someone please help me with this problem. Again, the first answer is CORRECT (227) . I already checked it. The other two answers are the
Someone please help me with this problem. Again, the first answer is CORRECT (227). I already checked it. The other two answers are the ones that are NOT correct and I only need help with the last two answers.
Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2021 , the records indicate the following data: Required: Assuming the price level increased from 1.00 at January 1 to 1.20 at December 31, 2021, use the dollar-value LIFO retail method to approximate cost of ending inventory and cost of goods sold. (Do not round intermediate calculations. Round final answers to the nearest whole dollar. Enter your answers in thousands.)
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