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The menagement of Sege instrument Company had concluded, with the concurrence of its independent auditors, that results of operations would be more fairly presented if

The menagement of Sege instrument Company had concluded, with the concurrence of its independent auditors, that results of operations would be more fairly presented if Sage changed its method of pricing inventory from last-in, first-out (LIFO) to average-cost in 2020 Given belowis the 5-year summary of income under LIFO and a schedule of what the inventories would be if stated on theeverege-cast meticd
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