The LIFO Inventory Reserve Waterloo Manufacturing Company uses the LIFO inventory costing method to value its...

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The LIFO Inventory Reserve Waterloo Manufacturing Company uses the LIFO inventory costing method to value its ending inventory The following data were obtained from the company's accounting records for the year Current assets tunder FIFO) $15,000,000 Current abilities Inventory under LIFO Inventory under FIFO 15.500.000 7,000,000 7,800,000 Calculate the company's (a) LIFO inventory reserve and (b) current ratio assuming 0) FIFO and pig LIFO if the company's LIFO gross profit was $11,000,000 and the change in the LIFO inventory reserve from the prior year to the current year was $1,300,000 calculate the company's gross profit under FIFO Round current ratio to two decimal points UFO inventory reserves b. Current rano Gross profit under FIFO S FIFO LVO The LIFO Inventory Reserve Waterloo Manufacturing Company uses the LIFO inventory costing method to value its ending inventory The following data were obtained from the company's accounting records for the year Current assets tunder FIFO) $15,000,000 Current abilities Inventory under LIFO Inventory under FIFO 15.500.000 7,000,000 7,800,000 Calculate the company's (a) LIFO inventory reserve and (b) current ratio assuming 0) FIFO and pig LIFO if the company's LIFO gross profit was $11,000,000 and the change in the LIFO inventory reserve from the prior year to the current year was $1,300,000 calculate the company's gross profit under FIFO Round current ratio to two decimal points UFO inventory reserves b. Current rano Gross profit under FIFO S FIFO LVO