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Chapter 8, Problem 4E

1.

To determine

Calculate the correct value of inventory in each of the preceding situation under U.S. GAAP (if T uses LIFO method).

2.

To determine

Calculate the correct value of inventory in each of the preceding situation under U.S. GAAP (if T uses average cost method).

3.

To determine

Calculate the correct value of inventory in each of the preceding situation under IFRS (if T uses average cost method).

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Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Inventories: Special Valuation Issues. 4E
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