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Tha accounting records ot Wall's China Shop reflected the folling balances as of January 1, 2016: The following five transactions occurred in 2016: 1. First

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Tha accounting records ot Wall's China Shop reflected the folling balances as of January 1, 2016: The following five transactions occurred in 2016: 1. First purchase (cash) US units @ $92 2. Second purchase (cash) 195 units @ $100 3. Sales (all cash) 410 units @ $199 4 Paid $14,400 cash for salaries expenses. 5 Paid cash for income tax at the rate of 40 percent ot income betoe taxes. Required a. Compute the cost ot goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted-average cost flow. Compute the income tax expense for each method

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