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QP Corporated sold 5,500 units of its product at $45.00 per unit during the year and incurred operating ex selling the units. It began the year with 600 units in inventory and made successive purchases of its produc Required: 1. Prepare comparative year-end income statements for the three inventory costing methods of FIFO, LFFO, and Which Includes a detailed cost of goods sold section as part of each statement. The company uses a periodic In (Round your average cost per unit to 2 decimal places and round your final answers to nearest whole dollar a.

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QP Corporated sold 5,500 units of its product at $45.00 per unit during the year and incurred operating ex selling the units. It began the year with 600 units in inventory and made successive purchases of its produc Required: 1. Prepare comparative year-end income statements for the three inventory costing methods of FIFO, LFFO, and Which Includes a detailed cost of goods sold section as part of each statement. The company uses a periodic In (Round your average cost per unit to 2 decimal places and round your final answers to nearest whole dollar a

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