Question: please show ALL work Concord Corporation uses the FIFO method for internal reporting purposes and LIFO for external reporting purposes. The balance in the LIFO

please show ALL work Concord Corporation uses the FIFO method for internal please show ALL work

Concord Corporation uses the FIFO method for internal reporting purposes and LIFO for external reporting purposes. The balance in the LIFO Reserve account at the end of 2017 was $313000. The balance in the same account at the end of 2018 is 485000. Concord's Cost of Goods Sold account has a balance of $2320000 from sales transactions recorded during the year. What amount should Concord report as Cost of Goods Sold in the 2018 income statement? $2320000 $2148000. $2492000 $2805000

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