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WalkerCo reported cost of goods sold of $1,492. Inventory at the beginning of the year was $342 and at the end of the year $449.
WalkerCo reported cost of goods sold of $1,492. Inventory at the beginning of the year was $342 and at the end of the year $449. The LIFO reserve at the beginning of the year was $124 and at the end of the year $179. If the company had used the FIFO inventory costing method, what would the company have reported as cost of goods sold?
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