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that the company should report in balance sheet. 8 . Pluto Corporation purchased inventory for$ 1 0 1 , 1 0 0 . The company
that the company should report in balance sheet. Pluto Corporation purchased inventory for$ The company plans to sell it at $ but estimates that it will incur selling costs of $ The company also estimates that the replacement cost of its inventory is $ Assuming a normal profit margin of $ and that thecompany. WHATARE THE RESULT UNDER LIFO AND FIFO IN US GAAP follows US GAAP, determine the value of inventory it should report on its balance sheet.
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Financial and Management Accounting
Authors: Pauline Weetman
7th edition
1292086599, 978-1292086590
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