Indigo Inc- is trying to determine whether to use the FIFO or average.pdf

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asravi1982

Indigo Inc. is trying to determine whether to use the FIFO or average cost formula. The accounting records show the following selected inventory information: The company accountant has prepared the following partial statement of income to help management understand the financial statement impact of each cost determination cost formula. Fill in the missing information in the blanks shown in the partial statement of income above. (Round answers to the nearest whole dollar, e.g. 5,225.).

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