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Suppose a Walmart store in Filmore, Missouri, ended Januacy 2021 with 900,000 units of merchandise that cost $5 each. Suppose the store then sold 50,000
Suppose a Walmart store in Filmore, Missouri, ended Januacy 2021 with 900,000 units of merchandise that cost $5 each. Suppose the store then sold 50,000 units for (Click the icon to view the purchase information.) Read the reguirements. Requirement 1. Calculate the store's gross profit under both FIFO and LIFO at February 28. Data table Requirements 1. Calculate the store's gross profit under both FIFO and LIFO at February 28. 2. What caused the FIFO and LIFO gross profit figures to differ
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