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COGS is used in the calculation, net income is higher because COGS is reduced by $2500 when converted to FIFO method. The $500 difference is only for the current period, the question is asking for a total conversion.
Edited 2 time(s). Last edit at Tuesday, September 29, 2009 at 01:31PM by cfagoal2. |
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发表于 2011-7-13 16:10
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