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The Shirt Shop had the following transactions for T-shirts for Year 1 , its first year of operations: During the year. The Shirt Shop sold

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The Shirt Shop had the following transactions for T-shirts for Year 1 , its first year of operations: During the year. The Shirt Shop sold 630 T-shirts for $21 each. Exercise 5-5 (Algo) Part b b. Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions

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