Question
The Excel worksheet form that appears on the next page is to be used to recreate portions of Review Problem 1 on pages 255256. Download
The Excel worksheet form that appears on the next page is to be used to recreate portions of Review Problem 1 on pages 255256. Download the workbook containing this form from the Online Learning Center at www.mhhe.com/garrison15e. On the website you will also receive instructions about how to use this worksheet form. Page 260 You should proceed to the requirements below only after completing your worksheet. The LIFO inventory flow assumption is used throughout this problem. Required: Check your worksheet by changing the units sold in the Data to 6,000 for Year 2. The cost of goods sold under absorption costing for Year 2 should now be $240,000. If it isn't, check cell C41. The formula in this cell should be = IF(C26
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