Question: P7-3 Evaluating Four Alternative Inventory Methods Based on Income and Cash Flow LO7-2, 7-3 [The following information applies to the questions displayed below. At the

P7-3 Evaluating Four Alternative Inventory Methods Based on Income and Cash Flow LO7-2, 7-3 [The following information applies to the questions displayed below. At the end of January of the current year, the records of Donner Company showed the following for a particular item that sold at $15.60 per unit: Transactions Units Amount Inventory, January 1 Purchase, January 12 Purchase, January 26 Sale Sale 640 $ 2,784 610 3,660 170 1360 (500) (200)

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