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Business, 23.06.2019 02:50 plumple

Camping​ gear, inc. had 500 units of inventory on hand at the end of the year. these were recorded at a cost of $ 13 each using the lastminus​in, firstminusout ​(lifo) method. the current replacement cost is $ 9 per unit. the selling price charged by camping​ gear, inc. for each finished product is $ 14. as a result of recording the adjusting entry as per the ​rule, the gross profit will​

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