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Suppose that a firm has an ending inventory of $124,000 as of December 31, 2012. The accounting information for 2013 has been collected in the
Suppose that a firm has an ending inventory of $124,000 as of December 31, 2012. The accounting information for 2013 has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below.