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what is the difference gross margin? Required information [The following information applies to the questions displayed below.] The Shirt Shop had the following transactions for

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Required information [The following information applies to the questions displayed below.] 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 930 T-shirts for $24 each. .. Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions

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