Question: an example of these two methods is required to be prepared showing: Inventory cost (FIFO) (LIFO) - Cost of sales in (FIFO) (LIFO) - Total

an example of these two methods is required to be prepared showing: Inventory cost (FIFO) (LIFO) - Cost of sales in (FIFO) (LIFO) - Total profit in both (FIFO) (LIFO)

- The impact on the financial statements by preparing a table showing the differences between the two methods

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